Get the free BApplicationb for Documentary Collection PDF - Maybank

APPLICATION FOR DOCUMENTARY COLLECTION To : May bank Singapore Date (dd/mm/YYY) 1. Drawer's Name and Address 2. Drawer's Name and Address Business Registration Number 3. Collecting Bank's Name and

How to fill out bapplicationb for documentary collection

How to fill out an application for documentary collection:

Start by providing your personal information:

1. Fill in your full name, address, and contact details.
2. Include any relevant identification or reference numbers.

Specify the type of documentary collection:

1. Indicate whether it is a sight or a time draft.
2. Outline the purpose of the collection, such as payment for goods or services.

Include details about the exporter/seller:

1. Provide the exporter's name, address, and contact information.
2. Mention any instructions or special requirements for the collection.

Provide information about the importer/buyer:

1. Fill in the importer's name, address, and contact details.
2. State the terms and conditions agreed upon between the parties involved.

Describe the documents involved in the collection:

1. List the necessary documents, such as invoices, bills of lading, packing lists, etc.
2. Clearly state the number of copies required for each document.

Indicate the amount and currency of the collection:

1. Specify the total amount to be collected and the currency involved.
2. Mention any specific terms of payment, such as partial payments or installments.

Include any additional instructions or information:

1. If there are any specific handling or shipping instructions, note them here.
2. Provide any additional information or documentation related to the collection.

Who needs an application for documentary collection?

An application for documentary collection is typically required by:

1. Importers who wish to initiate a payment for goods or services received.
2. Exporters who want to request payment from their international buyers.
3. Banks or financial institutions involved in facilitating the documentary collection process.

It is an essential document for those parties involved in international trade, ensuring the smooth transfer of funds in accordance with the agreed terms and conditions.

For pdfFiller’s FAQs

What is application for documentary collection?

Application for documentary collection is a request made by the exporter to their bank to collect payment from the importer through documents.

Who is required to file application for documentary collection?

The exporter is required to file the application for documentary collection.

How to fill out application for documentary collection?

The exporter must provide all necessary documents and information requested by their bank to fill out the application for documentary collection.

What is the purpose of application for documentary collection?

The purpose of the application for documentary collection is to ensure that the exporter receives payment for the goods shipped to the importer.

What information must be reported on application for documentary collection?

The application for documentary collection must include details of the goods, shipping documents, payment instructions, and any other relevant information.

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