Standard Chartered Bank, Sultanate of Oman

Application for Issuance of Letter of Credit (LC) /

Back to Back Letter of Credit (B2BLC)

Issue the LC with the same detail as that of your LC No For Bank Use

dated except for the detail specified in "Other Instructions". Ref No.:

Attach additional sheets if there is insufficient space, to be signed by applicant’s authorised signatories

Advise by: SWIFT Courier Mail

To be advised through any affiliate or correspondent of
Standard Chartered Bank, Sultanate of Oman
For Back-to-Back LC only

Export (Master) LC ref: Expiry Date (dd/mm/yy):

Issuing Bank: In country of: Beneficiary Applicant

Currency & Amount:

Applicant ( Company Name & Address ): Beneficiary ( Company Name & Address ):

Tel: Ref: Tel: Contact Person:

Contact Person: Email:
Is the Beneficiary a Related Party
1
? Yes No

Currency & Amount: Partial shipment : Permitted Prohibited

[ Figures & Words ]

Transhipment: Permitted Prohibited

Amount Tolerance Plus % Minus % Shipment Details

L/C Available with (a) by (b) Place of Receipt:

(a) Advising Bank Any Bank Issuing Bank

Port of Loading:
(b) Negotiation Payment Acceptance
Not later than ( dd/mm/yy ):
Deferred Payment

Payment Sight Port of Discharge:

Tenor:
days after
Place of Destination:

1
A Related Party refers to a person that directly, or indirectly through one or more intermediaries, Controls, is Controlled by, or is under common control with, the
Applicant, and includes persons connected with the related party. Persons connected with the related party include (but shall not be limited to) (a) relatives of a related
party who is an individual, (b) directors and shareholders of a related party which is a body corporate, and their relatives, (c) bodies corporate Controlled by persons
connected with a related party, (d) trustees of a trust under which a related party or persons connected with the related party are beneficiaries, and (e) partners of
a related party. “Control” means where one person (either directly or indirectly and whether by share capital, voting power, contract or otherwise) has the power to
appoint and/or remove the majority of the members of the governing body of another person or otherwise controls or has the power to control the affairs and policies of
that other person and that other person is taken to be “Controlled” by the first person.

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 Application for Issuance of Letter of Credit / Back to Back Letter of
Credit

Goods & Services

Incoterms ® 2010:

Documents required:
Mutimodal Bills of Lading Marine Bills of Lading Air Waybills (AWB) Charter Party Bills of Lading Cargo Receipts(CR)

No. of Documents: originals copies

[if not stated, default to BLs (3/3 original & 1 NN copy), AWB & CR (1 original & 1 copy)]

Consignee : Issuing Bank To Order, Blank Endorsed Applicant

Others ( please specify ):

Freight : Prepaid Collect

Others ( please specify ):

Notify : Applicant
Others ( please specify ):

Delivery Order / Delivery Note

No. of Documents: originals copies

[ if not stated, defaults to 1 original & 1 copy ]
Content ( e.g. Names of signatories, Passport number etc ):

Insurance Certificate / Policy

No. of Documents: originals copies [ if not stated, defaults to 2 original & 1 copy ]

Insured Percentage % invoice value [ if not stated, defaults to 110% of invoice value ]
Covering: ICC Marine Risk ICC “A” ICC “B” ICC “C” [if not ticked, defaults to ICC “A”]
ICC Air Risks
Insurance open cover lodged with Standard Chartered Bank, Sultanate of Oman Insurance to be obtained at a later date

Details of Open Cover ( e.g. Insurance Company Name, Reference No., Contact details etc ):

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 Application for Issuance of Letter of Credit / Back to Back Letter of
Credit

Attach additional sheets if there is insufficient space, to be signed by applicant’s authorised signatories

Signed Invoices
No. of Documents: originals copies
Packing List
No. of Documents: originals copies
Certificate of Origin
No. of Documents: originals copies

Country of Origin:
Others (please specify):

No. of Documents: originals copies

Others (please specify):

No. of Documents: originals copies

Others (please specify):

No. of Documents: originals copies

Additional Conditions:

Confirmation (if not ticked, default to ‘Not required’) : Transferable ( if not ticked, default to ‘No’ ):
Required Not Required Yes No

Advise Through Bank (in addition to first advising bank – optional):

Charges: Reimbursement:

All charges outside issuing bank’s country including but not limited The nominated bank may claim SWIFT reimbursement ( if not
to advising, reimbursement and telecommunications fees are for ticked, default will be for issuing bank to honour upon receipt of
beneficiary’s account. clean documents )
All charges are for applicant’s account, except for the following: Others ( please specify ):

Confirmation Charges for account of

Beneficiary Applicant

Present documents within days after shipment date

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 Application for Issuance of Letter of Credit / Back to Back Letter of
Credit

Instructions to Issuing Bank

Utilise FX forward contract reference no.: Other Instructions ( please specify ):

Debit all charges to our account no.:

In settlement, debit principal drawings from our account:

Use export master LC proceeds to settle this back to back LC

In this Application Form, the “Bank” means Standard Date:

Chartered Bank Oman Branch, with whom the
Applicant has entered into an Agreement for banking
facilities or services referred to in this Application S.V.
Form, as may be amended from time to time.
Applicant’s Signature(s) and Stamp
The Applicant agrees to be bound by (a) the Standard
Terms, General Trade Terms and the relevant Trade
Service Supplements, (b) the Global Master Trade
Terms or (c) such other terms as agreed between
parties, as the same may be updated or amended from
time to time.

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 Standard Chartered
Trade Service Supplement
Issuance of LC / Back-to-Back LC

This Trade Service Supplement supplements the General Trade 12. We may:
1 (a) retain possession of any document presented under the
Terms and applies to an LC or Back-to-Back LC We issue on Your
Instruction or otherwise on Your behalf. slave credit;
(b) take any action including presenting documents to obtain
1. Unless otherwise specified in the Application Form:
payment under the master credit;
(a) the LC must be issued subject to UCP which will be
(c) negotiate or discount the master credit; and
incorporated in the LC.
(d) apply the proceeds of any drawing under the master
(b) the LC may be subject to URR, and if it is, URR will be
credit to pay the corresponding drawing under the slave
incorporated in the LC.
credit irrespective of any discrepancy in any document
2. We retain the right to advise and/or restrict the availability to presented under the slave credit.
honour or negotiate the LC to such person(s) We specify, even if
13. You will not, without Our prior written consent, assign any of the
You stipulate otherwise in the Application Form.
proceeds of the master credit to any person.
3. We will honour (for Your account) all presentations made in
compliance with the terms of the LC.
4. We may reject any non-complying presentation under the LC
even if:
(a) We have Notified You that the presentation was compliant;
or
(b) You Instruct Us to waive all discrepancies We have
advised You.
5. If We receive a complying presentation We will comply with Our
Reimbursable Payment Obligation even if We mistakenly inform
You that the presentation was non-compliant. We are not liable to
You for any Losses You suffer or incur as a result of such mistake.
6. We may select the advising bank without consulting You even if
You stipulate an advising bank in the Application Form.
7. You must ensure that any goods under the LC are permitted to be
imported in the relevant country. If We need to inspect the import
licence, You must provide the original of such import licence to
Us at the time of Your application.
8. The terms in this Trade Service Supplement will extend to all
extensions, renewals, amendments, modifications, replacements
or variations of the LC.
The following additional provisions will apply if We issue any Back-to-
Back LC on Your Instruction or otherwise on Your behalf,
9. Where the master credit is not advised by Us, You will promptly
notify Us upon becoming aware of any amendment proposed
to be made to the master credit. You will not agree or reject
any amendment to the master credit without Our consent. Any
amendment to the slave credit will require Our consent and will
only take effect after We receive consent from the relevant parties
to the slave credit.
10. Where both the master credit and the slave credit call for the
application of CIF terms in accordance with Incoterms ® 2010,
We may in the slave credit stipulate an insured value plus an
appropriate higher percentage to match the insured value plus
percentage required by the master credit, to avoid the master
credit being "underinsured".
11. After documents are presented under the slave credit, You will on
Our demand deliver to Us Your Draft, Your invoice and any other
document required to facilitate a complying presentation under
the master credit.

1
This Trade Service Supplement shall not apply if You have signed the Banking
Facility Letter with the Global Master Credit Terms (Uncommitted) and the Global
Master Trade Terms or the General Banking Terms and Conditions ("CB Booklet").
Please refer to the Global Master Trade Terms or the CB Booklet for the terms
applicable to this service.

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