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DOCUMENTARY CREDIT APPLICATION FORM 1. Name of Issuing Bank2. Name of Advising Bank3. Applicant (Full Name and Address×4. Beneficiary (Full Name and Address×5. Date of this application:6. Expiry
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Start by writing the full and official name of the advising bank in the designated field.
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Double-check the spelling of the bank's name to ensure accuracy.
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If there are multiple words in the bank's name, capitalize the first letter of each word.
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If there are specific instructions provided, such as including the branch name or address, make sure to follow them accordingly.

Who needs name of advising bank:

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Exporters: Exporters need to provide the name of advising bank as it is the bank that will communicate with the importer's bank to ensure the smooth execution of the transaction.
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Importers: Importers require the name of advising bank to accurately complete the payment process for the imported goods or services.
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Banks: Banks need the name of advising bank to appropriately route and process the necessary documents and funds related to the international trade transaction.
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The name of the advising bank is the financial institution that is primarily responsible for advising the beneficiary of a letter of credit.
The beneficiary or the applicant is required to provide the name of the advising bank.
The name of the advising bank should be accurately filled out in the relevant section of the letter of credit application or agreement.
The name of the advising bank is important for ensuring that the beneficiary receives timely notification of the letter of credit and payment instructions.
The full legal name of the advising bank along with contact information should be reported.
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