LD/ 2158
To be completed in
duplicate.
APPLICATION FOR OPENING INLAND/ IMPORT IRREVOCABLE LETTER OF CREDIT/
IRREVOCABLE REVOLVING LETTER OF CREDIT.
L.C.No.__________
To
The Branch Manager,
The South Indian Bank Ltd.,
_____________________
Dear Sir,
In terms of my/our Agreement dated_______________ with you I/We request you to open
the under mentioned irrevocable Documentary Inland/ Import Letter of Credit/ Irrevocable
Documentary Inland/ Import Revolving Letter of Credit available to the aggregate sum not
exceeding Rs./CY.___________ (Amount _______________________ only) by payment/
acceptance of beneficiaries draft for _____% of the invoice value at sight/ ____days usance
from the date of transport document, drawn on ____________________________ (Name and
Address) as per the following and advise it to the beneficiaries by Post/ Mail/ Courier/
Swift.
Inland/ Import irrevocable Documentary Issuing Bank’s Inland/ Import LC. No.
Letter of Credit
Name and Address of the Applicant Name and Address of the Beneficiary
Mobile No.:
E-mail id:
PAN No.______________________
Bank A/c. No.____________________
Importer-Exporter Code No: Name and Address of Bank
____________________
Import License No. and date
1
LD/ 2158
Advising Bank/Branch Amount not exceeding:-
In figures:_________________________
In words:_________________________
Negotiating Bank/Branch Expiry Date:
For Shipment:
For Negotiation:
Place of Expiry:
Accompanied by
1. Signed commercial invoices in ………… for the gross FOB/ FOR/ CIF/ C&F/ CIP/ Ex-
works value of goods, certifying goods are as per order/ indent and evidencing
shipment/ dispatch of the undernoted goods.
2. Certificate of________________________ (Name of country) origin in …….issued by a
Chamber of Commerce.
3. Full set, signed, ‘clean’, ‘OnBoard’, Ocean Bill of Lading of a Conference Line Vessel
made out to the Order of The South Indian Bank Ltd. and marked ‘Freight prepaid/
Freight payable at destination and notify __________________________________ (Bank’s
full Address) account ____________________________ (Applicant – Full Address)
Inland/ Import LC No…………………………. and date ………………. Evidencing current
shipment of merchandise stated above.
Short form Bill of Lading and Third Party Bill of Lading or document produced by
reprographic process/ computerized system/ carbon copies marked original are
not acceptable.
Air consignment note/ RR/ LR/ Multi model Transport Document showing goods
consigned to ____________________________ (Bank Full name & address) for account
openers indicating Letter of Credit number and marked “Freight Prepaid/ Payable
at Destination”. The transport document must indicate date of dispatch and the
name and address of the bank and the opener. The LR should be issued by a
transport operator on the approved list of the bank.
4. Clean Airway Bill showing The South Indian Bank Ltd. as consignee, freight prepaid.
5. Sea/Air Parcel Receipt evidencing dispatch to the South Indian Bank Ltd.
6. Signed delivery orders/ challans in duplicate made out in favour of The South
Indian Bank Ltd or order.
2
LD/ 2158
7. Lloyd’s certificate that carrying steamer is seaworthy and not more than 15 years
old.
8. (I) Marine Insurance Policies/ Certificate dated not later than the date of bill of
lading unto order and blank endorsed for _________% over invoice value covering
Institute Cargo Clause “A”, Institute War Clause (Cargo) and institute Strike Clause
(Cargo) with the claims payable in India/ Insurance effected by me/us
(II)Inland Transit Insurance Policy, in duplicate, for at least the invoice value of the
goods plus 10% endorsed in blank, covering in land transit risk as per inland Transit
clause ‘A’ SRCC risk as per Institute Strike Clause (Cargo) with claims pay able
irrespective of percentage.
9. Packing List.
10. Certificate by _____________, certifying that the goods have been loaded on Board
the vessel.
Purporting to evidence shipment/ dispatch of the following goods.
Details of Merchandise (commodity, quantity and price per unit):
The above item(s) is/ are not in the negative list.
ADDITIONAL CONDITIONS:
1. All advising/ negotiating bank charges are for beneficiary/ opener’saccount.
2. Interest is for beneficiary/ opener’s account.
A transport document which is produced
a) By reprographic system or
b) By or as a 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.
3. 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 be any freight forwarder.
e) Must not contain a provision that goods may be carried on deck.
3
LD/ 2158
4. Transport documents bearing reference by stamp or otherwise to costs additional
to the freight charges are not acceptable.
5. Short form or blank-back transport documents are not acceptable.
6. A transport document bearing a date of issuance prior to that of the credit is not
acceptable.
7. Insurance is required to be issued irrespective of percentage.
8. Commercial invoices issued for amounts in excess of the amount permitted by the
credit are not acceptable.
9. Shipment/ Despatch should be effected from _________________ to _________________
(Specify Port)
10. Bill of Lading must be dated not later than ____________ nor prior to the date of this
credit.
11. Bill of Exchange must be dated and negotiated not later than ________ day’s after
the date of shipment/ dispatch, in any case, not later than the expiry date of the
credit.
12. Transhipment is allowed/ not allowed.
13. Partial dispatches – allowed/ not allowed.
14. Partial Shipment – allowed/ not allowed.
15. Partial Delivery-allowed/ notallowed.
16. Third party Bill of Lading -Acceptable/ Notacceptable.
17. Short Form Bill of Lading -Acceptable/ Notacceptable.
18. The credit requires/does not require confirmation by your correspondent.
19. All charges outside India are for account of ………………………………
20. Except as otherwise expressly stated, this credit is to be opened subject to the
uniform customs and practice for Documentary Credits as contained in the
International Chamber of Commerce Publication No. 600/ e-UCP or as amended
from time to time.
All the terms and conditions of the agreement dated …………………. Executed by me/ us shall
form part of this application.
Date:
Place: Signature of the Applicant./
Authorised Signatories.
4
LD/ 2158
(To be filled up by the originating Credit Number:
branch)
Date:
Sanction Ref:
License endorsed:
Limit: Rs.
Contra Voucher for Rs……………….
Outstanding
LCs Rs. Passed on …………………….
Abs Rs.
Margin Deposited Rs. Cable sent on ……………………….
Approved…………………………. Mail advise sent on …………………
BRANCHMANAGER ……………………
Officer
(A/B Category Office)
