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Commercial Letter of Credit Application Form

Date:
Documentary Credit No: Date of Issue:

Applicant Beneficiary
Applicant’s name, address and contact number: Beneficiary’s name, address and contact number

Instructions to issue Letter of Credit

Currency & Amount in figures and words: ____________% tolerance in amount and quantity

Expiry Date/ Place The Irrevocable Letter of Credit Credit is to be sent by: Advise this Credit through:
is to be: Full-Teletransmission by SWIFT _____________________
Transferable Courier/Airmail
■ Confirmation required ■ Pre-advice required

The Letter of Credit is available with ___________________ By Negotiation ■ By Acceptance By Payment

■ at sight at ___________ days after date of transport document (BL/DO/AWB)

Terms of delivery:
■ CIF FOB CFR EX WORKS Others ____________ Latest Shipment Date _____________________
(Please specify)

Place of Receipt: Port of Discharge/Airport of Destination:

Port of Loading: Place of Final Destination/Delivery:

Partial shipment: Transhipment:

Allowed ■ Not allowed ■ Allowed Not allowed

Brief description of goods:

Unit Price (if any)

Import Licence No. _______________________________________ dated _______________________ must be mentioned on all documents.

Documents to be presented not later than __________ days after the date of shipment, but within the validity of the LC.

Documents Required

Commercial invoice plus ___________ copies Insurance policy/certificate for an amount covering Post-/Courier receipt
the Invoice value plus 10%
Packing List plus _________________ copies Inspection Certificate

Certificate of Origin plus ___________ copies Full set on board Marine/Ocean Bill of Lading/ ______________________________________
Airway Bill consigned to KBZ Bank, marked freight
Other__________________________________ prepaid / collect , notify KBZ Bank and applicant Beneficary Certificate

__________________________________________ (unless otherwise specified) ________________ ______________________________________

Name of Contact Person______________________________ Contact No.__________________________________________

We agree that the letter of credit hereby issued is subject to Uniform Customs and Practice for Documentary Credits (2007 Revision), International Chamber of
Commerce Publication No. 600 or such later revision as may be adopted by the ICC “(UCP600)”.

Payment Instructions

We instruct KBZ to issue the letter of credit under the Terms and Conditions set forth on reverse page and debit below account for the proceeds of the bills presented
under this Credit together with all your charges under advice to us. Import Licence and Proforma Invoice are attached for your action.
Account No.: Foreign bank charges are to be borne by:
FDF
Name of Applicant/Company Beneficiary Applicant

Signature & Company Stamp Bank use only

Maker Checker Approver

Form TF001, version 2, May 2015

Terms and Conditions
1. This credit in terms of application is issued subject to the International Chamber of Commerce Uniform Customs and Practice for
Documentary Credits which is in effect at the date of issuance of the credit by the Bank.

2. I/we agree to pay the Bank upon demand all moneys paid by the Bank under or pursuant to the letter of credit, together with interest,
commission and all customary charges. In addition, I/we approve the Bank to charge any of my/our accounts with the Bank for all moneys
liable under the letter of credit and I/we agree to provide the Bank with funds to meet all payments of any kind together with commission,
interest and charges which the Bank has paid or to which the Bank is entitled under the letter of credit.

3. I/we authorize the Bank at any time after the issue of the credit whether before or after the Bank has made payments to debit my/our
account with sums sufficient to meet all liabilities under the credit including costs, commissions, bank charges and interest mentioned
above.

4. I/we agree that the Bank may at any time at the Bank’s discretion and without notice to me/us set off or transfer any figure or figures
standing to the credit of my/account from time to time in or towards payment of any monies or liabilities due or owing to the Bank under or
in connection with this credit. In addition the Bank has a right of general lien, right of set-off and any other right which the Bank may be
entitled by law to be evoked towards the payment of monies and liabilities in connection to said credit.

5. I/we understand and agree that all risks, including risks of currency exchange rate fluctuations, arising out of the consequent on the issue
of credit are to be borne by me/us alone and that the Bank and/or its agents are not to be held responsible for any errors or delays.

6. I/we will obtain insurance against all risks necessary for the full protection of the goods described in the letter of credit. The Bank is
hereby approved to collect the amount due under any such insurance and apply the same against any of my/our obligations to the Bank
arising from the letter of credit.

7. I/we hereby allow you to retain as security the relevant documents and in the event of the funds not being provided I/we give the Bank full
discretion and power of sale over the related goods with or without notice to me/us.

8. I/we agree that in spite of any contrary specification by me/us the Bank may at its discretion direct a Documentary Letter of Credit to our
correspondent bank for advice or negotiation or any other action.

9. I/we understand that the Bank shall not be liable for losses suffered as a result of actions on the part of public authorities, actual or
impending war, rebellion, civil unrest, terrorism, sabotage, natural disasters, strike, lockout, boycott and picket actions, no matter if the
Bank is itself a party to the conflict or not, and no matter if only part of the Bank's actions are affected.

10. I/we understand that the Bank shall not in any situation be held responsible for the detention, deterioration, loss or damage to goods or
failure to insure them as well as for their quality, quantity, condition or delivery or the correctness, validity, adequacy or authenticity of any
of the documents relating to them.

11. I/we shall not hold the Bank or its agent/s responsible for any delay, mistake or omission that may happen in the transmission of the
instructions or in the interpretation of such instructions; the genuineness of any documents presented which at prima facie appear to be in
order; the loss or delay in forwarding the documents; any error or neglect or default by any of the Bank's agent/s.

12. I/we understand that the Application and Credit issued shall be governed by, and construed in accordance with, Myanmar law and it is
irrevocably agreed that the courts of Myanmar will have jurisdiction to settle any disputes which may arise out of or in connection with this
Application and Credit issued.

13. I/we declare that the details shown on this form are complete and true.