Irrevocable Letter of Credit (L/C) Application Form (Import Documentary Credit Application Form) C

Irrevocable Letter of Credit (L/C)
Application Form
(Import Documentary Credit Application Form)
C
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PMS 207
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To: Allied Irish Banks, p.l.c. (”AIB Bank“) whose registered office is at Bankcentre, Ballsbridge, Dublin 4 and whose business address for these purposes is
Trade Finance Services, 1 Adelaide Road, Dublin 2.
Please complete all sections in BLOCK CAPITALS.
We request you to issue an irrevocable documentary credit on the following terms.
Please complete all sections.
day
month year
2 Currency and Value
3 Payment Terms
in
(Country of beneficiary unless stated)
Figures
CCY
Tolerance (if any)
%
Available with AIB Bank, unless otherwise stated. By payment/acceptance/negotiation at
­­
(specify
sight/30 days sight/60 days
from shipment date etc.)
4 Transferable Credit
Tick box if credit is to be transferable
5 Confirmation of Credit
Requested
Not Requested
Allowed
Not Allowed
PARTIES
6 Applicant/Importer
­­(Full name and address)
7 Beneficiary/Exporter
­­(Full name and address)
8B
eneficiary’s Bankers (If known)
Name
Address
SHIPPING
9 Partial Shipments
10 Transhipment
Allowed (unless otherwise stated)
11 Shipment details
Shipment from
For transportation to
12 L atest Date of Shipment
day
month year
(optional)
13 P
eriod for presentation of
documents to Bank
14 Shipment terms
days from date of issuance of transport doc (21 days unless otherwise stated)
(Latest date of Shipment plus number of days for presentation should be the chosen Expiry Date)
Ex works
F.O.B.
CFR
C&I
C.I.F.
C.I.P.
Other, please specify
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JOB LOCATION:
GUIDELINES
GENERAL
Latest Date for presentation of documents
Non-print 1
PRINERGY 3
This Irrevocable Documentary Credit Application Form (the “Application”) and the documentary credit (the “credit”) issued hereunder incorporate
and are subject to and governed by the Trade Finance Terms and Conditions (the “Trade Terms”) save for where any of the terms of the Trade Terms
may be inconsistent with or conflict with the terms of this Application. In such case, this Application shall prevail to the extent of such inconsistency
or conflict only but all other terms and conditions of the Trade Terms shall remain unaffected. If you have not received a copy of the Trade Terms or
require a further copy, copies are available on the website www.aib.ie, or on request from your branch. These are our standard Trade Terms upon
which we intend to rely. For your own benefit and protection, you should read the Trade Terms carefully. If you do not understand any point, please
ask for further information.
1D
ate and place of expiry of L/C
Non-printing
Colours
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GOODS/SERVICES
15 B
rief goods description
(avoid excessive detail)
DOCUMENTS
Signed invoices in
16 Documents required
(triplicate unless otherwise stated)
Insurance policy/certificate covering all risks for 110% of invoice value
Certificate of
origin issued by chamber of commerce
GSP certificate of
origin form A to be marked “issued retrospectively”
if dated after date of shipment
Packing list
Other, please specify
TRANSPORT DOCUMENT (please specify one document only relative to mode of transport)
Full set of clean on board marine bills of lading (Sea transport only)
Full set of combined transport bills of lading (Sea and land transport)
Air way bill (original No. 3) (Air transport)
CMR (international consignment note) (Road transport)
Other transport document, please specify (e.g. Certificate of Shipment)
17 A
dditional conditions
(if any)
18 Bank Charges
AIB Bank Charges:
Applicant
FX Bank Charges:
Beneficiary
Applicant
Beneficiary
AIB Bank charges for the applicant and FX Bank charges for the Beneficiary unless otherwise stated.
19 D
oes this transaction require
a Trade Licence?
No
Yes (if yes please attach a copy)
Insurance Declaration
We declare that we have arranged for all risks insurance on this transaction (not applicable if exporter has arranged to effect insurance and a
policy/certificate has been requested in 16 above).
We hereby authorise you to debit our account in respect of charges, and also at payments date(s) with the amount of each drawing as follows
(complete A or B):
A Utilise spot rate to meet drawings due for payment
OR Utilise Forward Contract Ref Number
F/C Rate
and Debit the following EUR account with AIB Bank in respect of drawings and charges
9 3
B Debit currency account held with AIB Bank in respect of drawings
and debit charges to currency account
(please tick)
or debit charges to the following EUR account with AIB Bank
9 3
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Agreement and Acknowledgement
In consideration of your issuing at our request the above Credit, we acknowledge and agree that the credit shall be governed by and subject
to the Trade Terms in addition to the terms (which include an indemnity) set out on the reverse of this Application Form.
Signed for and on behalf
of the applicant:
(Authorised Signatory)
Dated
(Authorised Signatory)
Telephone number
Contact name
FOR INTERNAL USE ONLY
I confirm that the applicant mentioned on this application form is CJA approved
BRANCH BRAND
I confirm that I am satisfied that the goods/services mentioned
above are consistent with the nature of the customer’s business
The size/value of this transaction is consistent with the customer profile
Sanctioned:
Signing Number
(Authorised Signatory)
In consideration of AIB Bank opening and issuing the credit specified overleaf, the applicant named in this Application Form agrees and undertakes to
(1) reimburse AIB Bank for all amounts paid or incurred by AIB Bank in connection with the credit in accordance with clause 8 of the Trade Terms and
(2) indemnify and keep AIB Bank indemnified from and against all liabilities, losses, damages, costs, expenses, claims and demands which AIB Bank may
incur or sustain in connection with the credit.
AIB Bank is to have a lien on all goods, documents and policies and proceeds thereof for any obligations or liabilities present or future incurred by
AIB Bank under or arising out of the credit. AIB Bank is to be bound only to see that the drafts and document purport to comply with the terms and
conditions of the credit and is not to be liable for any loss or damage however caused in connection therewith (including, without limitation, loss or
damage from delay or error in transmission or forwarding of the above or any future instruction or documents) not caused by the gross negligence or
wilful default of AIB Bank’s own officers or servants.
AIB Bank is authorised to debit the account of the applicant with sums paid under the credit, also with commission charges and any other charge which
may be incurred in respect thereof. AIB Bank is authorised to be reimbursed for any loss incurred by AIB Bank due to variations or adjustments arising
from the making of payments under the credit in a foreign currency by debiting such amounts from the applicant’s account or accounts with any of AIB
Bank’s branches. If the applicant does not hold any account with AIB Bank, the applicant authorises AIB Bank to open a new account in its name at any of
AIB Bank’s branches and for AIB Bank to debit any such loss incurred from this account. The applicant agrees that AIB Bank shall be entitled to refuse
payment of any cheque, bill note or order drawn or accepted by the applicant or upon which the applicant may otherwise be liable, if such payments
would result in the credit balance of the applicant’s account being less than the amounts from time to time owing or due to AIB Bank by the applicant.
In the event of a receiver and/or liquidator being appointed to the applicant or if AIB Bank determines that a material adverse change has occurred to
the applicant’s business assets or future prospects, AIB Bank shall be entitled to immediately debit from any of the applicant’s accounts, the maximum
total amount of AIB Bank’s actual and contingent liability under the credit (notwithstanding that no actual payment has been made by AIB Bank) and AIB
Bank shall refund to the applicant any excess promptly after the contingent liability has ceased to exist.
Unless specifically requested otherwise above, AIB Bank is not obliged to include any documents which it may have attached to this application, as an
integral part of the credit neither is AIB Bank bound to examine documents presented under the credit against such attachments. The applicant agrees
that AIB Bank is authorised to pay sums under the credit on first presentation of documents purported to comply with the terms and conditions of the
credit and is not required to investigate the validity of any such demand for payment.
The applicant agrees that its liability hereunder shall also apply to any increase or decrease in the amount to be paid under the credit or any extension
or renewal of the credit, whether pursuant to the same terms or otherwise and whether arising by agreement with AIB Bank or by operation of law or
otherwise.
The credit is subject to the I.C.C. Paris. Uniform Customs and Practice for Documentary Credits in force on the date of issue.
Data Protection Notice – Use of Information
This Notice explains what “AIB” and “AIB Group” will do with your information so that you can decide whether or not to provide that information to
us. “AIB” refers to Allied Irish Banks, p.l.c. and “AIB Group” refers to Allied Irish Banks, p.l.c., its subsidiaries, affiliates and their respective parent and
subsidiary companies.
The personal information requested from you is required to enable AIB Group to effectively provide or administer a product or service to you. Failure to
supply AIB Group with sufficient information may result in AIB Group not being able to provide or meet your product/service needs.
The information that you provide may be held by AIB Group on a computer database and/or in any other way. We may use this information:
• To administer the products and services that we supply to you and any future agreements that we may have with you and, to manage and develop AIB
Group’s relationship with you.
• For direct marketing purposes, where you have given your permission to do so, to advise you of products or services. If you wish to change your
preferences at any time, please contact your local AIB branch or call us on 1890 724 724.
• To carry out searches (including verifying your identity and/or a credit search) and disclose information to credit reference agencies for the purpose
of assessing applications for credit and credit related services and for ongoing credit review. Credit reference agencies will record details of each type
of search AIB Group makes whether or not your application proceeds. We may use credit scoring techniques and other automated decision making
systems to either partially or fully assess your application.
• To provide details of your financial indebtedness owing to the AIB Group and how you conduct your agreement(s)/account(s), to credit reference
agencies on a regular basis.
• To review your financial position across the AIB Group, including debit and credit balances and security for advances.
• To provide your personal details to debt collection agencies and/or third party processors and contractors, who act on behalf of AIB Group,
if it is necessary for the performance of a contract and/or to protect the legitimate interests of AIB Group.
• To prevent and detect fraud or other criminal activity and to trace those responsible. If you give us false or misleading information and we suspect
fraud or other criminal activity, we will record this and may report the incident to the relevant regulatory authorities.
• To carry out statistical analysis and market research or to instruct a third party to perform this on our behalf.
We may record telephone conversations to offer you additional security, resolve complaints and improve our service standards. Conversations may also be
monitored for staff training purposes.
Our websites use “cookie” technology. A cookie is a little piece of text stored by your browser on your computer, at the request of our server. We may
use cookies to deliver content specific to your interests and to save your personal preferences so you do not have to re-enter them each time you visit our
websites. In some circumstances, AIB Group may use the data collected to contact you in relation to a product or service that may be of interest to you.
You must disable your cookies if you do not want AIB Group to access or store cookies on your computer. For more information on AIB’s security policy,
please visit www.aib.ie.
Under the Data Protection Acts you have the right of access to personal information we hold about you on our records on payment of a nominal fee
(currently €6.35). You can exercise this right by writing to your local AIB branch or to the Data Protection Unit, Allied Irish Banks, p.l.c., Bankcentre,
Ballsbridge, Dublin 4. If any of your personal information held by us is inaccurate or incorrect, please let us know and we will correct it. There is no fee for
such corrections.
If you decide to proceed with this product/service or have any other communication with AIB Group through or in relation
to its products and services, you consent to the use by AIB Group of your personal data as indicated above.
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Allied Irish Banks, p.l.c. is regulated by the Central Bank of Ireland.
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