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Get Application For Irrevocable Documentary Credit (dc) - Hsbc
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How to fill out the Application For Irrevocable Documentary Credit (DC) - HSBC online
This guide provides clear and detailed instructions for filling out the Application For Irrevocable Documentary Credit (DC) from HSBC online. Whether you are familiar with financial documents or new to this process, you will find the information valuable and easy to follow.
Follow the steps to successfully complete your application.
- Click 'Get Form' button to obtain the form and open it in the editor.
- Fill in the applicant's name, address, and commercial registration number in section 1.
- Enter the date in section 2, ensuring it is accurate for processing.
- Complete section 3 to indicate how the documentary credit will be made available by selecting the appropriate option.
- In section 4, confirm whether the documentary credit is not transferable or assignable by ticking the box if applicable.
- Provide contact name and telephone number in section 5 for any clarifications.
- Enter the import account number in section 6 and the date of DC expiry in section 8.
- Complete the beneficiary's name, address, and registration number in section 7.
- Input the place of DC expiry in section 9 and the required shipment/delivery information in section 10.
- Specify the period for presentation of documents in section 11, defaulting to 21 days unless otherwise stated.
- Indicate whether partial shipment and transshipment are allowed in sections 12 and 13.
- Fill in the amount in figures and currency in section 14 and any variances in section 15.
- In section 16, write the amount in words and detail the drafts required in section 17.
- Briefly describe the goods in section 18 and select the applicable trade terms in section 19.
- Determine who will cover insurance costs in section 20.
- Complete sections 21 to 26 for specific shipment details as necessary.
- Indicate who will bear banking charges and any confirmation requirements in sections 27 to 30.
- Complete the sections regarding original documents and special conditions in pages 2 and 3.
- Finalize by reviewing the customer declaration in section 38 and acknowledging your understanding of the terms.
- After completing the application, save changes, download, print, or share the form as needed.
Complete your documents online today to streamline your application process.
A Documentary Credit (“D/C”) also known as Letter of Credit (“L/C”) is a method of payment where the buyer's bank guarantees payment to the seller with the condition that the seller has to fulfil the terms specified in the L/C.
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