XFE 1338/ (Rev 96) : 1:

R.P. 25,000 23-2010

APPLICATION FOR DOCUMENTARY CREDIT

Special Adhesive
The Deputy General Manager/ Stamp
The Asst. General Manager/Chief Manager/Manager, Bank of India
Mumbai Large Corporate Branch.

Importer’s Code No.

20 : L/C No.
31C : Date
23 : Preadvised on :

By Short Telex – Air Mail / Telex / Swift

Please establish with your branch / Correspondent in MUMBAI.

A documentary credit as per details below:

40A Type of doc. Credit : Confirmed / Irrevocable / Transferable

3 ID Date & Place of expiry : Place:

50 Name & Address of the Application : M/S. PRISM DESIGN AND TOOLING
TECHNOLOGY PRIVATE LIMITED.
Plot No. A 22 M.I.D.C,
Talegaon Indl. Area,
Village Naval Kumbre Tal- Mawal, Pune-410507

59 Name & Address of the beneficiary :

.

32B Currency & Amount of Credit : RS.

(Figures / Words)

39A Credit Amount tolerance :

39B Max. Credit Amount : RS.

41A Credit available with : (Advising Bank)

Credit available by : Payment / Negotiation / Acceptance / Def. Payment

.
42C Drafts at : 90 DAYS from the Date of Exchange

42A Drawee : Applicant/ L/C NEGOTIATION BANK

42P Deferred Payment details : NIL

43P Partial shipments [PART DESPATCH] : Permitted (Pro-rata) / Prohibited

43T Transshipment : Permitted / Prohibited

44A DESPATCHES FROM :

44B Transportation to :
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44C Latest date of Shipment :

44D Shipment Period …NA……

45A Description of Goods :

48 Period of presentation 3 DAYS :

49: Confirmation instructions- WITHOUT

71B Charges: Applicant / Beneficiary AS PER ANNEXURE

53 Reimbursing Bank :

78 Instruction to Negotiating Bank :

57 Advise through Bank

72 Sender to receiver information ;

DOCUMENTS REQUIRED
1) Drafts at 90 days from bill of exchange date for 100% of invoice value.

2) Signed Invoices in quadruplicate quoting import under OGL / Import

License No. …………. Gross FOB / CIP / CFR value of the goods before deduction of
Agent’s Commission, if any, must not exceed credit amount.

3) Full set, clean shipped “ON Board’ Ocean Bills of Lading dated not later than
…………… marked “Freight Paid” / “Freight Payable at Destination” made out to the
order of BANK OF INDIA, ………………………. Branch Notify applicant with full
name and address and Doc. Credit No.

3A) Shipment to be made by a liner / conference line vessel, not more than 25 years old,
approved under Institute Classification Clause equivalent of Lloyds 100 A1.

Or

3) Post Parcel Receipt / Airway Bills consigned to Bank of India ……………….. Branch
stating Doc. Credit No. notify applicant with full name and address and marked freight
paid / freight payable at destination. AWB must indicate Flight No. and Date.

4) Insurance covered by applicant under cover note no. ……………………….. Shipment

details should be telexed / faxed to applicant within three days from the date of
shipment quoting cover note no. and copy of such intimation to accompany documents.
Or
Insurance policy or certificates in duplicate covering atleast CIF value plus 10% covering
risks as per Institute Cargo Clauses (A / Air) Institute War Clauses (Cargo / Air Cargo)
and Institute Strike Clauses (Cargo / Air Cargo) from beneficiary’s warehouse to applicant’s
warehouse in ………………. Covering transportation by Rail / Road with claims payable in
India irrespective of percentage clause. The name of carrying vessel / flight no. and date
With name of airline and Doc. Credit No. must be mentioned in policy / certificate.

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5) Certificate of ………………… origin in duplicate issued by Chamber of Commerce or any

 Independent recognized Agency.

6) Packing List in duplicate stating net and gross weight.

7) One set of non-negotiable documents must be sent within three days of shipment to
applicant by fax / by courier and copy

8) Shipment details must be conveyed within 3 days of the shipment to the applicant by
fax / telex and copy of such fax / telex to accompany documents.

We hereby irrevocably authorize you to recover the amount of bills along with interest, costs
And charges under the abovementioned letter of credit, on the date of payment thereof by
The Bank / date of delinking of foreign currency liability, from our A/C NO. 010630110000046.
Account with you. We undertake to deposit adequate amount / keep adequate drawing limit
Available in our account to cover the amount if bills / interest / costs / charges under letter
Of credit.

SPECIAL INSTRUCTION:-

(1) A Transport Document which is produced

(a) By reprographic system or
(b) By or as result of automated or computerized systems or
(c) As carbon copy
Will not be accepted as an original document even if it is marked as original or appears
To have been authenticated.

However, Bills of Lading issued in a set of more than one original with one a typed original
And other carbon copies signed and marked “original” and “negotiable” are acceptable.

(2) The Transport Document –

(a) Must contain all the conditions of carriage on the original document
(b) Must not indicate the place of final destination as being different from the port of
Discharge.
(c) Must not contain the indication “intended” or similar qualification in relation to the
Vessel or other means of transport or port of loading or port of discharge.
(d) Must be issued by the carrier or his agent and not by any freight forwarder
(e) Must not contain a provision that goods may be carried on deck.

(3) Transport documents bearing reference by stamp or otherwise to costs additional to the freight
Charges are not acceptable.

(4) Short from blank-back transport documents are not acceptable.

(5) A transport document bearing a date of issuance prior to that of the credit is not acceptable.

(6) Commercial invoices issued for amounts in excess of the amount permitted by the credit
Are not acceptable. The gross FOB / CIF / CIP / Value of the goods before
Deduction of Agent’s Commission, if any must not exceed the credit amount.

(7) Documents must be negotiated not later than 10 days after the date of shipment / dispatch
And in any case, not later than the date of expiry of the credit.

1. In consideration of your opening this Documentary Credit and making payments (there-
Under) for my / our accounts, I / We agree that you shall have a pledge upon all goods
and upon all Bills of Lading, Warrants, Delivery Orders, Post Parcels Receipts, Air Freight
Consignment Notes, Railway Receipts and / or Motor Transport Receipts and all other
Document of title (hereinafter referred to as ‘the said documents’) and securities what-
SPECIAL INSTRUCTION SHEET IS ATTACHED HEREWITH.
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SPECIAL INSTRUCTION.

1. L/C IS RESTRICTED FOR NEGOTIATION WITH BANK OF INDIA,

MUMBAI OVERSEAS BRANCH, M G ROAD, MUMBAI

IFSC CODE – BKID0000150

2. L/C VALUE OF RS.

3. INVOICE RAISED BY M/S

4. XEROX COPY OF INVOICE – CUM - CHALLAN DULY ENDORSED BY OPENER
IN LIEW OF ORIGINAL IS ACCEPTABLE.

5. THE BILL OF EXCHANGE /DRAFT FOR THE 100% OF THE INVOICE VALUE IS
ACCEPTABLE.

6. APPLICANTS BANK CHARGES WILL BE BORN BY APPLICANT AND

BENEFICIARYS BANK CHARGES WILL BE BORN BY BENEFICIARY.

7. DISPATCHES MADE PRIOR TO THE DATE OF L/C ARE ACCEPTABLE.

8. ANY DISCREPANCIES IN THE DOCUMENTS PRESENTED THROUGH L/C ARE

ACCEPTABLE.
REF:- Date: -

The Asst.Gen.Manager,
Bank of India,
Mumbai Large Corporate Branch.
Fort, Mumbai- 400 001

Dear Sir,

Re: - Proposed Inland L/C for (in favor of

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We enclose,

[A] Stamped L/C application Form.

[B] Copy of Purchase Order No.

Your charges may be debited to our A/c No. 010630110000046 with you under
advice.

Thanking You,

Yours Faithfully,

FOR M/S.

DIRECTOR / AUTHORIZED SIGNATORIES

This non Judicial Stamp Paper of Rs. 100.00 forms part & parcel
of fresh Local LC Application for the Document Ref. No.

For