CBD/Trade Operations Dept. 550 S. Western Ave., 1

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CBD/Trade Operations Dept.
st
550 S. Western Ave., 1 Floor, Los Angeles, CA 90020
Tel:(213)387-3200 Fax:(213)389-8255 SWIFT:BWILUS66
FOR BANK USE ONLY
L/C No :
APPLICATION FOR IRREVOCABLE COMMERCIAL LETTER OF CREDIT
DATE
ADVISING BANK
APPLICANT
BENEFICIARY
LATEST SHIPPING DATE:
EXPIRATION DATE & PLACE
Documents to be presented within
days after the date
of shipment but within the validity of the credit
AMOUNT
SHIPPING TERM
(+/-
%)
FOB/FCA
CIF/CIP
EXW
Others
PARTIAL SHIPMENT
SHIPMENT
From
ALLOWED
C&I
CFR/CPT
TRANSHIPMENT
PROHIBITED
ALLOWED
PROHIBITED
To
Credit available by beneficiary's draft(s):
drawn on Wilshire Bank for
At Sight
days after Sight
Days after B/L Date
% of the invoice value, accompanied by the following documents marked "X "
Signed commercial Invoices in
originals(s) and
Copies certifying that goods are in accordance with
Buyer’s Purchase Order No. __________ Dated _________________,
Packing list in
originals(s) and
Copies,
Full set of Clean on Board Ocean or Multimodal Transport Bills of Lading, made out
To the order of Wilshire Bank
To order of shipper, blank endorsed
others
Air waybill consigned to
Wilshire Bank
others
Railroad/Truck Bill of Lading Consigned to
Marked Freight :
Prepaid
Collect
Marked Notify :
Applicant
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CBD/Trade Operations Dept.
st
550 S. Western Ave., 1 Floor, Los Angeles, CA 90020
Tel:(213)387-3200 Fax:(213)389-8255 SWIFT:BWILUS66
Insurance policy or certificate in duplicate, blank endorsed for 110% of the invoice value, stipulating that claims are payable
in the currency of the draft and also indicating a claim settling agent in U.S.A. Insurance must include:
Institute Cargo Clause:
All Risks,
Institute War Clauses,
Customs Invoice in
originals(s) and
copies
Certificate of Origin in
originals(s) and
copies
Inspection certificate in
originals(s) and
copies
Institute S.R.C.C. Clauses
issued by
Other document:
COVERING:
SPECIAL CONDITIONS:
This L/C is transferable.
All banking charges other than those of issuing bank are for account of
Beneficiary
Applicant
Others:
I/we acknowledge and agree that acceptance of this Application by the Bank does not constitute a commitment or
agreement by the Bank to issue or open the letter of credit described in this Application and that the opening of the letter of
credit is subject to approval by the Bank and receipt by me/us of such approval. I/we further acknowledge and agree that
the issuance of the letter of credit described in this Application, or as amended by agreement between the parties hereto, if
approved by the Bank, will be governed by the terms and conditions set forth in that certain Master Commercial
Letter of Credit Agreement dated as of ________________, 20___, and executed by Applicant and Bank (“Master
Agreement”), the terms and conditions of which are incorporated herein by this reference, and which terms shall
supersede the terms and conditions of this Application to the extent that the terms of the Master Agreement are
inconsistent herewith. The terms of this Application, together with the terms of the Master Agreement, shall constitute the
entire agreement between the parties hereto and shall not be subject to change or modification except by written
agreement signed by the parties hereto. Execution and delivery of the Master Agreement by me/us is a condition
precedent to any issuance of the letter of credit.
FOR BANK USE ONLY
(BRANCH- LOAN DEPT/ CBD- TFD DEPT)
FOR BANK USE ONLY
(TRADE OPERATIONS DEPT.)
Prepaid L/C
OR
Line of Credit
Limit/Collateral/Past due/Line Expired
Within/In Order OR
Exceeding/Out of Order
Checked by:__________ Name: ________________
Approved by: _________ Name: ________________
OFAC Checked by: ___________
Signature Verified by :_________
Prepared by: ________________
Approved by:________________
FOR THE CUSTOMER SECTION
Applicant’s Name:___________________
Authorized Signature: ________________
Title & Name:______________________
Except so far as otherwise expressly stated, this Documentary Credit is subject to the “Uniform Customs and Practice for Documentary Credit” published
by the International Chamber of Commerce, which is in effect on the date the Letter of Credit is issued.
TF-102 (REV. 03-10-2014)