Irrevocable Documentary Credit Form – Fill Out and Use This PDF

The Irrevocable Documentary Credit Form is a request for payment by the importer to its supplier.

If you are searching how to get this form, you've come to the right place. Our PDF editor is a handy application that may help you fill out the necessary PDF in no time. It will work with any convenient system - desktop, phone, tablet, or laptop.

Get Form Now Download PDF

Irrevocable Documentary Credit Form first page preview

Irrevocable Documentary Credit Form PDF Details

A documentary credit, sometimes called a letter of credit (LOC), is a document that guarantees payment for goods or services. The irrevocable documentary credit form is a specific type of LOC that is particularly well-suited for international transactions. This form provides the strongest guarantee of payment, and has been developed over many years to protect both buyers and sellers in cross-border transactions. If you're planning to do business overseas, it's important to understand the benefits of using an irrevocable documentary credit form.

Below is the details relating to the form you were seeking to fill out. It will tell you how long it should take to complete irrevocable documentary credit form, exactly what fields you need to fill in and some additional specific facts.

Question	Answer
Form Name	Irrevocable Documentary Credit Form
Form Length	3 pages
Fillable?	Yes
Fillable fields	105
Avg. time to fill out	21 min 49 sec
Other names	online lc application, application lc, lc application, how to fill lc application form

12

Form Preview Example

1. Date of application

D

D

M

M

Y

Y

Y

Y

Application for Irrevocable Documentary Credit (DC)

0

9

0

7

2

0

1

8

Branch

To: HSBC Bank (China) Company Limited,

This is an application for the trade service(s) specified below.

Complete the required information and provide any instructions related to the trade service(s).

2.1 Applicant Name (the Customer)

2.2 Applicant Address

2.3 Applicant Contact Person

2.4 Applicant Tel	2.5 Import Account No. (if known)

3.DC Number (if known)

4.2 Beneficiary Address

4.1 Beneficiary Name

4.3Beneficiary Contact Person

4.4Beneficiary Tel

5. DC Dispatched by

4.5 Beneficiary Fax			Teletransmission		Courier	Collection at counter
			Teletransmission		Courier	Collection at counter

			(Air)mail (		With brief advice by teletransmission)

6.1 DC Currency

6.3 DC Amount & Currency (in Words)

6.2 DC Amount (in Figures)

6.4 Expiry Date

D D M M Y Y Y Y

6.5 Expiry Place

6.6 Partial Shipments

	Allowed	Not Allowed
6.10 DC available with
	Any Bank /	Advising Bank /		Issuing Bank
6.13 DC Tenor
	Sight or	Tenor			days from

6.7 Allowance in DC

6.8 Allowance in

6.9 Confirmation

amount +/- %

Quantity +/- %

Yes

No

6.12 Drafts Required

6.11 Transhipments

Allowed

Not Allowed

Yes

No

6.14 DC available by

6.15 Transferable

Negotiation /

Acceptance /

Yes

No

Sight payment /

Deferred payment

	6.15 Period for presentation of documents Documents to be presented within			days after the date of shipment but within the
	the validity of the DC.

	7.1 Advising Bank SWIFT code (if known)	7.3 Advising Bank Address

7.2 Advising Bank Name

<![endif]>GTRF-CN-DC-001-Sep-17

Reset

Validate

8. Description of Goods (without excessive detail)

9.1 Place of Taking in Charge/Receipt

9.2 Port of Loading/Airport of Departure

9.3 Port of Discharge/Airport of Destination

9.4. Place of Final Destination/Place of Delivery

9.5 Latest date of Shipment

9.6 Incoterms

EXW

FCA

FOB

CFR

D

D

M

M

Y

Y

Y

Y

9.7 Insurance to be covered by

CIF

CPT

CIP

DDP

Ultimate Buyer

Applicant

Other

HSBC to arrange insurance for us at our cost with an insurance company (including any HSBC Group member) acceptable to HSBC.

HSBC is authorised to debit our Account No.

for the insurance premium once the policy is effected at the rate agreed.

Insurance already/will be arranged by us.

Documents required

10.1 Signed commercial invoice in

originals

copies.

10.2 Packing List in

originals

copies.

10.3

For shipment by sea, full set original clean “On Board”

bills of lading or

multimodal or combined transport document made out to

the order of shipper and endorsed in blank; or

marked: “Freight

Prepaid” or

“Collect” and “Notify

”

mentioning the DC number.

10.4

For shipment by air, original Air Waybill marked “For the consignor/shipper” signed by the carrier or his agent, marked:

“Freight

Prepaid or

Collect” showing flight number and date of despatch of goods, consigned to

and “Notify

”

mentioning the DC number.

10.5

Cargo Receipt issued and signed by the authorised signatory of Applicant (whose signature(s) must be in conformity with the

record held in the Issuing Bank’s file) certifying that the Goods have been received in good order and condition, mentioning the DC

number, date of receipt of the Goods, total value and quantity and description of Goods received.

Delivery Order

10.6

Marine/

Air Insurance Policy or certificate in negotiable form and blank endorsed for full CIF/CIP value plus 10% covering )

Institute Cargo Clauses –(

(A)/

Air),

Institute War Clauses - (

Cargo/

Air Cargo),

Institute Strikes Clauses -(

Cargo/

Air Cargo);

evidencing claims payable at destination in the currency of the DC.

10.7

Beneficiary’s certificate certifying that one set of shipping documents has been sent to applicant within

day(s)

after shipment.

<![endif]>GTRF-CN-DC-001-Sep-17

10.8 Additional Conditions / Other Documents required.

Reset

Validate

Charges to be paid by (A)Applicant/(B)Beneficiary

A

B

A

B

11.1

DC Opening Commission

11.5 Transit interest charges

11.2

Issuing bank other charges

11.6 Delayed reimbursement commission for

usance DC only

11.3

Correspondent bank charges

11.4

DC confirmation charges (if applicable)

11.7 Bill Commission in Lieu of Exchange

12. Account No. for charges

(Currency

; A/C

Current /

Savings).

13. Back to Back DC

This application is for a back-to-back DC to be issued against the master credit No.

issued by

(the “Master DC”). The original Master DC is

enclosed /

being held by HSBC.

14.Settlement instruction (if applicable)

Settle all amounts owing by the Applicant under this application by:

Account Debit. Debiting to account number
currency	A/C:	Current /	Savings ; for settlement.

Master DC proceeds. Using the proceeds received by HSBC under the Master DC or any financing amount obtained by the Applicant in relation to the Master DC.

Loan. Drawing a buyer loan for		days.

Export transaction proceeds. Using the proceeds received by HSBC under the export trade transaction handled by HSBC or any financing amount obtained by the Applicant in relation to such export trade transaction.

Bill No./DC No.

for settlement.

Other (specify)

15.Additional Information and Instructions

16.Type of Trade

We refer to HSBC’s Standard Trade Terms (as amended from time to time) which can be accessed, read and printed by the Customer at/ from www.gbm.hsbc.com/gtrfstt or alternatively the Customer can request a copy from its Relationship Manager (the Standard Trade Terms)

This application incorporates and is subject to the Standard Trade Terms as though they were set out in full in this application, and together they form an important agreement.

By signing this application, the Customer:

yy irrevocably requests HSBC to provide the above trade service(s) in accordance with the instructions in this application; and

yy confirms that it has read and understood the Standard Trade Terms and agrees that this application incorporates the Standard Trade Terms and that the Standard Trade Terms applies to the above requested trade service(s).

Signed for and on behalf of the Customer:

Authorised Signatories and Company Chop

Reset
Reset		Validate

<![endif]>GTRF-CN-DC-001-Sep-17

How to Edit Irrevocable Documentary Credit Form Online for Free

It is really simple to fill in the letter of credit application empty blanks. Our PDF tool makes it practically effortless to fill in any specific form. Down the page are the basic four steps you need to follow:

Step 1: Hit the orange button "Get Form Here" on the webpage.

Step 2: When you have accessed your letter of credit application edit page, you'll discover all actions you can take with regards to your document within the top menu.

All of these areas are contained in the PDF form you will be filling out.

application lc empty fields to consider

Type in the requested particulars in Beneficiary, Fax DC, Dispatched, by Tele, transmission Courier, Collection, at, counter Airmail, With, brief, advice, by, tele, transmission DC, Currency DC, Amount, in, Figures DC, Amount, Currency, in, Words Partial, Shipments Allowed, Not, Allowed DC, available, with and Any, Bank part.

step 2 to filling out application lc

Identify the most crucial information on the Advising, Bank, SWIFT, code, if, known Advising, Bank, Address Advising, Bank, Name and GT, RFC, ND, C, Sep segment.

stage 3 to entering details in application lc

You should record the rights and responsibilities of the sides inside the Place, of, Taking, in, Charge, Receipt Port, of, Loading, Airport, of, Departure Port, of, Discharge, Airport, of, Destination Latest, date, of, Shipment DD, MM, YYYY Insurance, to, be, covered, by Ultimate, Buyer Applicant, In, co, terms EX, WC, IF Other, F, CAC, PT FOB, C, IP CFR, DDP and Documents, required section.

PlaceofTakinginChargeReceipt, PortofLoadingAirportofDeparture, PortofDischargeAirportofDestination, LatestdateofShipment, DDMMYYYY, Insurancetobecoveredby, UltimateBuyer, Applicant, Incoterms, EXWCIF, Other, FCACPT, FOBCIP, CFRDDP, and Documentsrequired in application lc

Prepare the form by looking at these particular sections: Signed, commercial, in, voice, in originals, copies, Packing, List, in originals, copies, marked, Freight, mentioning, the, DC, number Prepaid, or Collect, and, Notify Freight, Prepaid, or mentioning, the, DC, number and, Notify Delivery, Order and Marine.

application lc Signedcommercialinvoicein, originals, copies, PackingListin, originals, copies, markedFreightmentioningtheDCnumber, Prepaidor, CollectandNotify, Freight, Prepaidor, mentioningtheDCnumber, andNotify, DeliveryOrder, and Marine blanks to fill

Step 3: Choose the Done button to be sure that your completed file could be transferred to any kind of electronic device you decide on or sent to an email you indicate.

Step 4: In order to avoid any type of headaches as time goes on, you will need to make a minimum of a few copies of your file.

Watch Irrevocable Documentary Credit Form Video Instruction

Irrevocable Documentary Credit Form isn’t the one you’re looking for?

If you believe this page is infringing on your copyright, please familiarize yourself with and follow our DMCA notice and takedown process - click here to proceed .