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DOCUMENTARY CREDITi APPLICATION FORM BANK ISLAM MALAYSIA BERHAD (98127X)1 Applicant (Full Name and Address) :2Beneficiary (Full Name and Address):3 Date of this application : ___4Expiry Date : ___7Confirmation

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How to fill out documentary credit-i application form

01

Obtain the documentary credit-i application form from the issuing bank.

02

Fill in the applicant's name, address, contact information, and account details.

03

Provide a description of the goods or services that will be financed through the documentary credit-i.

04

Include the amount of financing required and the desired payment terms.

05

Sign and date the application form before submitting it to the issuing bank for processing.

Who needs documentary credit-i application form?

01

Businesses or individuals looking to secure financing for international trade transactions through Islamic banking principles may need the documentary credit-i application form.

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What is documentary credit-i application form?

The documentary credit-i application form is a document used in international trade that allows a buyer to request a bank to issue a documentary credit in favor of a seller, providing a guarantee of payment upon presentation of specified documents.

Who is required to file documentary credit-i application form?

The buyer or importer is required to file the documentary credit-i application form with their bank to initiate the issuance of the documentary credit.

How to fill out documentary credit-i application form?

To fill out the documentary credit-i application form, the applicant must provide information such as the applicant's name and address, beneficiary's details, terms of the credit, shipment details, and other specifics required by the bank.

What is the purpose of documentary credit-i application form?

The purpose of the documentary credit-i application form is to facilitate secure payments in international transactions by ensuring that the seller receives payment only upon fulfilling the terms set in the credit agreement.

What information must be reported on documentary credit-i application form?

Essential information that must be reported on the form includes the names and addresses of both the applicant and the beneficiary, credit amount, currency, terms of delivery, and any specific documents required for payment.

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