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APPLICATION FOR IRREVOCABLE DOCUMENTARY CREDIT To : Date (dd/mm/YYY) Click to select branch 1. Applicant's Name and Address 2. Beneficiary's Name and Address Contact Person Telephone Number Email
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How to fill out application for irrevocable documentary

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How to fill out an application for an irrevocable documentary? Who needs an application for an irrevocable documentary?
01
The application for an irrevocable documentary is typically filled out by individuals or businesses involved in international trade or financial transactions, such as importers, exporters, or banks.
02
Start by downloading or obtaining the official application form for an irrevocable documentary. This form can usually be obtained from your bank or financial institution.
03
Begin filling out the form by providing your personal or business information. This may include your name, address, contact details, and any relevant identification or registration numbers.
04
Specify the purpose of the irrevocable documentary. Clearly state the reason for using this instrument, such as guaranteeing payment for goods or services in an international trade transaction.
05
Provide details about the transaction, including the parties involved, invoice numbers, and any relevant dates. Include information about the goods or services being provided, their value, and any specific terms and conditions agreed upon.
06
Indicate the desired terms for the irrevocable documentary. This may include the type of documentary credit, the expiration date, and any additional requirements or documents that need to be provided.
07
Sign and date the completed application form. Ensure that all the information provided is accurate and complete.
08
Submit the application to your bank or financial institution for review and processing. They will assess the application and may request additional documents or information if needed.
09
It is essential to follow up with the bank or financial institution to ensure that the application is being processed correctly and in a timely manner.
10
Once the application is approved and processed, the irrevocable documentary will be issued. It is crucial to carefully review the terms and conditions of the instrument and ensure compliance with any stipulations.
In conclusion, an application for an irrevocable documentary should be filled out accurately and thoroughly, providing all necessary details about the transaction. This instrument is typically used in international trade or financial transactions and should be submitted to the relevant bank or financial institution for processing.
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An application for irrevocable documentary is a formal request made to establish a documentary credit that cannot be changed or revoked without the consent of all parties involved.
The importer or buyer is typically required to file an application for irrevocable documentary in order to secure payment to the exporter or seller.
The application for irrevocable documentary must be filled out completely and accurately, providing all necessary information about the transaction, parties involved, and credit terms.
The purpose of the application for irrevocable documentary is to ensure that the exporter will receive payment for goods or services provided, while also providing security for the importer.
The application for irrevocable documentary must include details such as the amount of credit, expiry date, terms and conditions, beneficiary information, and supporting documents.
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