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 LETTER OF CREDIT APPLICATION FORM    
 
*DEAR SIR,   Label
*SWIFT OPTION:
*WE REQUEST YOU TO ESTABLISH BY SWIFT:
     
DOCUMENTARY LETTER OF CREDIT ON THE FOLLOWING TERMS AND CONDITIONS AS SET FORTH ON THE REVERSE HEREOF IN FAVOUR OF:

*APPLICANT DETAILS (IN FAVOUR OF BUYER):
*NAME: *ADDRESS:
 
*EMAIL ADDRESS: *PHONE No:
 

*BENEFICIARY (FOR ACCOUNT OF SELLER):
*NAME: *ADDRESS:
 
*EMAIL ADDRESS: *PHONE No:
 

*LC DETAILS:
*CURRENCY TYPE:
 
*TOTAL AMOUNT
 CFR
 
 
*AVAILABILITY:
FOR  DAY(S)  
 
*GOODS DESCRIPTION:
 

OMIT UNNECESSARY DETAILS: DOCUMENTS REQUIRED (PLEASE SELECT BY CHECKING THE APPLICABLE BOX):
ORIGINALS OF NEGOTIABLE CLEAN ON BOARD, OCEAN BILLS OF LADING / AIRWAY BILL / WAY BILL. PLUS
NON NEGOTIABLE COPY TO ORDER OF Obodokwu Mfb AND MARKED 'FREIGHT PREPAID' AND NOTIFY
TO Obodokwu Mfb AND NOTIFY
  ORIGINAL COPIES    
   
 ORIGINAL COPIES
   
 

LOADING DETAILS:        
*PORT OF LOADING: *PORT OF DISCHARGE:
 
*LATEST SHIPMENT DATE: *EXPIRY DATE:
*1. PARTIAL SHIPMENTS:
*2. TRANSHIPMENT:
 
INSURANCE TO BE EFFECTED BY BUYERS LOCALLY INSTRUCTIONS IN RESPECT OF OVERSEAS BANK CHARGES:    
 
 

BENEFICIARY'S BANK DETAILS:
NAME:   ADDRESS:
 
 
SPECIAL INSTRUCTIONS:
 

 
GENERAL TERMS AND CONDITIONS

1. In consideration of the Bank opening this Credit the Customer undertakes to repay to the Bank all moneys paid in pursuance of this Letter of Credit together with interest Commission and all customary charges and authorizes the Bank to charge any accounts of the customer with all moneys so paid or for which the Bank is liable under this Credit

2. All goods and all Bills of Lading, Warrants, Delivery Orders, Documents of Title and Securities whatsoever which have been or shall hereafter delivered into the possession of the Bank or its agent as a result of opening or in connection with any transaction under this Credit together with interest, commission and other customary charges and the Bank shall have full discretion and power of sales over the said goods without notice to the customer.

3. The customer undertakes to hold the Bank covered against fire and other risks after the expiry of the insurance mentioned on overleaf and incase of loss the amount due under all such policies shall be paid over to the Bank. The Customer authorizes the Bank to collect the amount due under any such insurance.

4. The customer undertakes to pay freight and landing charges on the goods.

5. Neither the Bank nor its agents shall be in any way responsible for the correctness of description, quality, quantity, value or delivery of any goods nor for the correctness genuiness regularity of validity of any drafts or documents nor for the general or particular conditions stipulated in any document, nor for delay or deviation from instruction in regard to shipments.

6. The customer undertakes to provide the Bank at or before maturity with funds to meet all disburstments and acceptance together with commission, interest, charges, etc.

7. This Letter of Credit is subject to the usual terms and conditions operating in the center where the Credit be established.

8. It is understood that all instructions and correspondence relating to this credit are to be sent at the risk of the Customer and that the Bank does not assume any responsibility for any inaccuracy, interruption error or delay in transmission or delivery by post, telegraph of cable.

9. This credit is subject to the Uniform Customs and Practice for Documentary credits (2007 Revision) International Chamber of Commerce, Publication No. 600

The opening of this credit is subject to the above terms and conditions to which we agree.

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*SECURITY CODE: *PLEASE ENTER THE SECURITY CODE:
 
     
 
           
 
 
 

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