Letter of Credit Application Form
 
Date   09/06/2026
Beneficiary Name  
Beneficiary Address
Name of Company  
Name of Applicant (Contact Person)  
Telephone No.  
Amount
 (Figures)
 (Words)
Expiry Date for negotiation in beneficiary's country
We request you to establish by Registered airmail SWIFT/TELEX (Operative Credit Instrument)
Courier Service
an IRREVOCABLE DOCUMENTARY CREDIT available by beneficiary's drafts in duplicate
    at sight
     days after  drawn on Maybank Singapore Limited
for invoice value accompanied by the following documents (in duplicate unless otherwise specified):-
Signed Commercial invoices   Tax invoices.
Full set of clean on board marine Bills of Lading made out to the order of Maybank Singapore Limited, notify applicant and marked Freight Prepaid   Collect
Insurance policies (or certificate) endorsed in blank, for invoice value of the goods plus 10% covering Marine and War Risks, including Institute Cargo Clauses  A       B       C     , Institute War Clauses(Cargo) and Institute Strikes Clauses (Cargo) with claims payable at
Certificate of origin
Air Waybills
Others  
Covering  
(Please specify price basis CIF CFR FOB Others )
Place of Receipt  
Place of Delivery  
Port of Loading  
Port of Discharge  
Latest Shipment/Delivery Date  
Partial Shipment   Permitted Prohibited
Transhipment   Permitted Prohibited
Special Conditions:
The documents must be presented not later than    days after the date of shipment (or where applicable date of issuance in the case of other non-transport documents evidencing despatch/sale and/or receipt/purchase of the goods.)
Neverthless such presentation must not be after the expiry of the credit.
WE AGREE TO BE BOUND BY THE GENERAL CONDITIONS (Ref. no. TFPC/GC113A0701) THAT APPEAR IN THE PRECEDING WEBPAGE OF THE LC APPLICATION FORM
Issuing Bank charges are for Applicant's Account and Beneficiary's Bank charges are for Beneficiary's account.        Discrepancy fees/reimbursement charges are for
      Beneficiary's account Applicant's account
All bank charges including Correspondents Bank's charges, reimbursement fees and discrepancy fees are for
      Beneficiary's account Applicant's account
  
Summary
  1. Please check your entries and click “Back” to make the necessary amendments, if any.
  
GENERAL CONDITIONS

In consideration of your establishing an irrevocable documentary letter of credit in accordance with the terms which appears on the reverse hereof, we hereby agree with you as follows:

1.   We undertake to pay on presentation or to accept on presentation and pay at maturity drafts negotiated within the terms of this credit, even should the merchandise be diverted or overcarried or fail to arrive or be refused landing at destination due to whatever cause.

2.   We agree to pay your commission, interest and all expenses and your agent's charges.

3.   You are to have a lien on all goods, documents and policies and proceeds thereof with full power of sale over said goods, for any obligations or liabilities present or future incurred by you under and arising out of this credit.

4.   You may at your absolute discretion and without giving notice to us convert into local currency, equivalent, all drafts and documents negotiated under this credit at the prevailing rate of exchange at any time after the receipt of cable of negotiation or the receipt of the relative drafts and documents, unless otherwise, arranged.

5.   We certify that the import of the relevant goods are not prohibited or restricted and that we hold and undertake to exhibit to you a valid import licence where such licence is required.

6.   We hold you and your agents free from any responsibility for any delay, mistake or omission that may happen in the transmission of the instructions or their misinterpretation when received and for the correctness or genuineness of the documents submitted if apparently in order or for the loss or delay in forwarding of the documents.

7.   You may restrict negotiations under this credit to your branch or any correspondent of your choice.

8.   "You are hereby authorised to debit our current account with you for the negotiations under the credit. You may so debit our account without notice or other reference to us and if :
  a)  as a result of such debit, our account shall be overdrawn we agree that interest shall accrue thereon at such rate as may be determined by you and be payable together with other customary bank charges which you may impose; and
 b)  you shall not be liable for the dishonour of any cheque drawn by us on the account if as a result of debiting our account there are insufficient funds for payment of the same."

9.   This Credit is subject to the Uniform Customs and Practice for Documentary Credits, International Chamber of Commerce Publication (Latest Version).
Closing Page

Please PRINT all the pages on the completed form, sign, and fax it to us with the required documents. Original to be mailed to us at Maybank, Trade Finance Porcessing Centre, 200 Jalan Sultan, #05-03, Textile Centre, Singapore 199018.

The submission of this application form is subject to the Bank's approval. The Bank reserves the right to reject any application without specifying any reason whatsoever.