DOCUMENTARY CREDIT APPLICATION, TERMS & CONDITIONS

FOR BANK USE ONLY

20-Mar-05
Date : ……………………………
Balad, KSA
Branch : ……………………………
LC No.: ………………………………..……….

ADVISING BANK: …………………………...

(PLEASE MARK ✔ AS APPROPRIATE)

PLEASE ISSUE ANY IRREVOCABLE DOCUMENTARY LETTER OF CREDIT BY SWIFT

AS PER DETAILS GIVEN BELOW: (PLEASE SPECIFY)

APPLICANT (PLEASE PRINT COMPLETE NAME AND ADDRESS)

Mohsin
Jeddah
KSA FAX NO. 0096651482366

BENIFICIARY (PLEASE PRINT COMPLETE NAME AND ADDRESS)

Mohsin
Jeddah
KSA
FAX NO.

CURRENCY & AMOUNT ABOUT NOT EXCEEDING

DATE OF EXPIRY : 20-Mar-05
IN FIGURES : (PLEASE INDICATE EXACT DATE)

IN WORDS : PLACE OF EXPIRY :

DELIVERY TERMS :
Ex-FACTORY FOB C&F CIF OTHER
(PLEASE SPECIFY)

IF THE DELIVERY TERMS DO NOT COVER INSURANCE.

I/WE UNDERTAKE TO PRODUCE TO YOU WITHIN 10 DAYS FROM THE DATE OF THIS APPLICATION AN INSURANCE POLICY
ACCEPTABLE TO YOU AND IN YOUR NAME COVERING 110% OF C&F VALUE FAILING WHICH YOU HAVE THE RIGHT BUT
NOT THE OBLIGATION TO EFFECT INSURANCE AT MY/OUR EXPENSE.
PLEASE ARRANGE AN INSURANCE POLICY AT MY/OUR EXPENCE.
I/WE DO NOT REQUIRE INSURANCE AND AUTHORIZE YOU AT YOUR DISCRETION TO INCREASE THE MARGIN TO 110% OF
C&F VALUE.

CREDIT IS TO BE

TRANSFERABLE CONFIRMED ADVISED ONLY

PAYMENT TERMS :

AT SIGHT

AT ( ) DAYS FROM SHIPMENT NEGOTIATION

OTHER
(PLEASE SPECIFY)

SHIPMENT BY : PARTIAL SHIPMENT :

✔ SEA AIR ✔ TRUCK ALLOWED NOT ALLOWED

OTHER TRANSHIPMENT:
(PLEASE SPECIFY)
FROM :
TO : ALLOWED NOT ALLOWED
LATEST DATE OF SHIPMENT :
(PLEASE INDICATE EXACT DATE)
COVERING SHIPMENT OF THE FOLLOWING GOODS :
dfbsadfb

DOCUMENTS MARKED ✔ ARE REQUIRED

SIGNED COMMERCIAL INVOICES IN ORIGINAL AND COPIES CERTIFIED BY

AND LEGALIZED BY
FULL SET OF CLEAN ON BOARD OCEAN BILLS OF LADING MADE OUT TO THE ORDER OF NATIONAL COMMERCIAL BANK
MARKED FREIGHT PREPAID PAYABLE AT DESTINATION AND NOTIFY
AIR WAY BILL SHOWING NATIONAL COMMERCIAL BANK AS CONSIGNEE NOTIFY OPENERS, SHOWING THE NUMBER OF
THIS CREDIT AND MARKED FREIGHT PREPAID PAYABLE AT DESTINATION AND NOTIFY
INSURANCE BILL OF LADING OR CONSIGNMENT NOTE SHOWING NATIONAL COMMERCIAL BANK AS CONSIGNEE, THE
NUMBER OF THE CREDIT, TRUCK LICENSE NUMBER AND NAME OF THE DRIVER, NAME AND ADDRESS OF THE
CARRIER'S LOCAL AGENT AND MARKED FREIGHT PREPAID PAYABLE AT DESTINATION AND NOTIFY
INSURANCE POLICY OR CERTIFICATE IN DUPLICATE ISSUED TO THE ORDER OF NATIONAL COMMERCIAL BANK IN THE
CURRENCY OF THIS CREDIT FOR AT LEAST 110% OF INVOICE VALUE.
CERTIFICATE OF ORIGIN CERTIFIED BY AND LEGALIZED BY
CERTIFICATE OF WEIGHT
PACKING LIST
PHYTO-SANITARY CERTIFICATE
INSPECTION / ANALYSIS CERTIFICATE
INCASE OF SHIPMENT IN CONTAINER, A CERTIFICATE ISSUED BY THE BENIFICIARY STATING THAT A LABEL WITH NAME
AND FAX / CABLE / TELEX ADDRESS OF THE APPLICANT ALONG WITH A COPY OF PACKING LIST / LIST OF CONTENT HAS
BEEN AFFIXED ON THE INSIDE PART OF THE CONTAINERS DOOR.
OTHER REQUIREMENTS

ALL BANK CHARGES & COMMISSION (INCLUDING POSTAGE, COURIER AND SWIFT/TELEX) OUTSIDE SAUDI ARABIA ARE FOR
THE ACCOUNTS OF
. ‫ اﻟﺼﺎدرﻩ ﻋﻦ ﻏﺮﻓﺔ اﻟﺘﺠﺎرة اﻟﺪوﻟﻴﺔ‬٥٠٠ ‫ ﻧﺤﻦ ﻧﻮاﻓﻖ ﻋﻠﻰ ان هﺬا اﻷﻋﺘﻤﺎد ﻳﺨﻀﻊ ﻟﻠﻘﻮاﻧﻴﻦ واﻻﻋﺮاف اﻟﻤﻮﺣﺪﻩ رﻗﻢ‬/ ‫ اﻧﺎ‬.‫ﻣﺎﻟﻢ ﻳﻨﺺ ﻋﻠﻰ ﺧﻼف ذﻟﻚ‬
UNLESS OTHERWISE EXPRESSLY STATED. I/WE AGREE THAT THE CREDIT SHALL BE SUBJECT TO UNIFORM CUSTOMS AND
PRACTICE FOR DOCUMENTARY CREDIT ICC PUBLICATION # 500.
I/WE HEREBY AITHORIZE YOU TO DEBIT MY/OUR ACCOUNT FOR YOUR CHARGES AND AGREED MARGIN.
I/WE HEREBY AUTHORIZE YOU TO HOLD THE MARGIN IN LOCAL CURRENCY FOREIGN CURRENCY TO BE SOLD TO
ME/US AT YOUR PREVAILING SPOT RATE OR PRE-AGREED RATE AND ALSO AUTHORIZE YOU TO DEBIT MY/OUR ACCOUNT
FOR THE CALUE OF DOCUMENTS RECEIVED.
ACCOUNT NAME :
FACILITY A/C NO. : CURRENT A/C NO.:
(FOR MARGIN & BANK CHARGES)
SIGNATURE (S) :
SHOULD YOU HAVE ANY QUERY, PLEASE CONTACT MR ON TEL. NO.
FOR BANK USE ONLY

FACILITY LIMIT : VALID UNTILL :

OUTSTANDING BALANCE : REMAINING BALANCE :
EXCESS :
COMMISSION : MARGIN % :
APPROVED BY: NAME : SIGNATURE :