‫القياسيةفتح‬ ‫المواصفات‬

‫استمارة طلب‬
ISO 9001:2015
‫مستندي‬ ‫اعتماد‬
ISO/IEC
20000:2011
To: Trade Bank (IP5-F01)
ISO/IEC
of Iraq 27001:2013
ISO
22301:2012
Baghdad

Application for opening of an Irrevocable Letter of Credit. date

Dear Sirs
Under our full responsibility, please issue for my/our account an irrevocable letter of credit as per
the following terms and conditions. This credit is also subject to the Uniform Customs and
Practice for Documentary Credits, 2007 revision, ICC Publication No.600 (UCP). And subject to
the contract for documentary credits and all other agreements signed by me/us.

Applicant (name and address) Beneficiary (name and address)

Tel.no. Credit to be advised through

Name of contact person.
Fax no.
Email Address.
________________________________________________________________________________

 Issue by Air Mail Expiry date…………………….

 With brief pre-advice by tele transmission .
 By teletransmission
 By courier service Place for presentation………………………
_________________________________________________________________________________________________

Confirmation of the credit Amount and currency:

 Not requested  not exceeding
 Confirm by your correspondent bank  about ( tolerance)………………
 Confirm by your correspondent bank
If requested by Beneficiary
Charges are on Beneficiary / Applicant
In figures

In words
 The credit is transferable
__________________________________________________________________________________

Part shipments  allowed  not allowed The credit is available

Transshipment  all0wed  not allowed  with the nominated bank

at …………………  with any bank

 with TBI

Shipment / taking in charge Payment Terms

From  by payment at sight

…………………………..Port/Airport  by deferred payment

at …………………… days
 For transportation to
………………………………….. after date of…

Port/Airport/named place of destination

 by acceptance, of draft drawn

1
on
………………………………………………….
Latest date of shipment………………………… at………………. days

After date of………………………………….

(draft to accompany the documents)

 by negotiation

Cont. Application for opening of an irrevocable Letter of Credit.

Description of goods:

Terms of sale as per incoterms 2010 (forms part of the description of the goods)
Rules for any Mode or Modes of Transport
 EXW (EX Works Named Place of Delivery)  FCA (Free Carrier Named Place of Delivery)
 CPT (Carriage Paid to Place of Destination )  CIP (Carriage and Insurance Paid to)
 DAP (Delivered at Place of Destination)  DAT (Delivered at Terminal at Port or Destination)
 DDP (Delivered Duty Paid Place of Destination)
Rules for Sea and Inland Waterway Transport

 CFR (Cost and Freight Port of Destination)  FAS (Free Alongside Ship Port of Shipment)

 CIF (Cost Insurance and Freight)  FOB (Free on Board Named Port of Shipment)

Documents required: please follow only the instructions marked (x) as applicable

 BENEFICIARY’S SIGNED COMMERCIAL, INVOICE IN ORIGINAL AND ……….

COPIES, WITH ORIGINAL CERTIFIED BY THE CHAMBER OF COMMERCE AND DULY
LEGALIZED BY THE IRAQI EMBASSY OR CONSULATE OR ITS REPRESENTATIVE IN
THE EXPORTING COUNTRY AND CERTIFYING THAT THE GOODS ARE OF
…………………… ORIGIN. INVOICE MUST SHOW THE FULL NAME AND ADDRESS OF THE
MANUFACTURER/ PRODUCER AND CERTIFYING THAT THE CONTENTS ARE TRUE
AND CORRECT. INVOICE MUST SHOW THIS CREDIT NUMBER

Transport and other Delivery Documents;

 FULL SET3/3)) OF SHIPPED ON BOARD MARINE BILL OF LADING ISSUED
TO THE ORDER OF TRADE BANK OF IRAQ, MARKED FREIGHT PREPAID/
PAYABLE AT DESTINATION AND SHOWING NOTIFY PARTY THE
APPLICANT FULL NAME AND ADDRESS AND TRADE BANK OF IRAQ.
BILL OF LADING MUST CONTAIN NAME, ADDRESS AND TELEPHONE
NUMBER OF THE CARRYING VESSEL’S AGENT AT THE PORT OF
DESTINATION/ PORT OF DISCHARGE. BILL OF LADING MUST SHOW
THIS CREDIT NUMBER

2
 AIR WAYBILL (ORIGINAL NO.3 FOR SHIPPER) CONSIGNED TO TRADE BANK OF IRAQ,
AND SHOWING NOTIFY PARTY THE APPLICANT FULL NAME AN ADDRESS AND
TRADE BANK OF IRAQ MARKED FREIGHT PREPAID/ COLLECT. AIRWAY BILL MUST
QUOTE THE LETTER OF CREDIT NUMBER, THE FLIGHT NUMBER AND DATE.

 TRUCK CONSIGNMENT NOTE (TCN)/ ROAD CMR DATED AND SIGNED BY THE
CARRIER OR ITS AGENT AS TO THE RECEIPT OF THE GOODS, CONSIGNED TO THE
APPLICANT MARKET FREIGHT PREPAID /COLLECT. TCN MUST SHOW THIS CREDIT
NUMBER.

 MULTIMODAL /COMBINED TRANSPORT DOCUMENT CONSIGNED TO THE

APPLICANT/ OR ISSUED TO THE ORDER OF TRADE BANK OF IRAQ IF THE LAST LEG
OF THE JOURNEY IS BY SEA, SHOWING THE NAME OF THE CARRIER AND SIGNED BY
THE CARRIER OR ITS AGENT OR SIGNED BY THE MASTER OR ITS AGENT.
DOCUMENT MUST BE MARKED FREIGHT PREPAID/ FREIGHT PAYABLE AT
DESTINATION /COLLECT. DOCUMENT MUST SHOW THIS CREDIT NUMBER

 Manually signed Forwarder’s Certificate of Receipt (FCR) issued by

……………………………………………. ………confirming receipt of the goods in good order and
condition for onward shipment to…………………… and showing the actual date of receipt of the
goods. FCR must show this credit number

 Delivery note / certificate of receipt issued by the beneficiary and countersigned by the
applicant or its nominated agent Mr. ……………………passport/ID number is ………………….
which must be evident in the delivery document. Deliver note must show this credit number
Confirming receipt of goods in good order and condition.

Cont. Application for opening of an irrevocable Letter of Credit.

Insurance;
 MARINE/AIR/LAND INSURANCE POLICY OR CERTIFICATE ISSUED IN NEGOTIABLE
FORM (ENDORSED IN BLANK) IN THE CURRENCY OF THE CREDIT FOR AT LEAST 110
PCT OF THE CIF/CIP VALUE OF THE GOODS SHIPPED COVERING RISKS AS PER
INSTITUTE CARGO CLAUSES (A) 1/1/1982 , INSTITUTE AIR CARGO CLAUSES 1/1/1982,
AND INSTITUTE CLAUSES COVERING THE RISKS OF WAR, STRIKE, RIOTS, CIVIL
COMMOTION, ACT OF TERRORISM, THEFT, PILFERAGE, SHORT AND NON DELIVERY
AND FIRE FOR 60 DAYS IN CUSTOMS WAREHOUSE AND FINAL DESTINATION AND ,
FROM WAREHOUSE TO WAREHOUSE AND EXPRESSLY SATING THAT ANY CLAIMS
ARE PAYABLE IN IRAQ IN THE CURRENCY OF THE CREDIT .

 INCLUDING THE RISKS OF TRANSIT (1/01/2001) AND TRANSSHIPMENT.

 IF THE CIF OR CIP VALUE CANNOT BE DETERMINED FROM THE DOCUMENTS, THE
AMOUNT OF INSURANCE COVERAGE MUST BE CALCULATED ON THE BASIS OF THE
AMOUNT OF AT LEAST 110 PCT OF THE DRAWING OR 110 PCT OF THE GROSS VALUE
OF THE GOODS AS SHOWN IN THE INVOICE, WHICHEVER IS GREATER.

 INSURANCE POLICY OR CERTIFICATE MUST STATE IN CASE OF WAR OR WARLIKE

OPERATIONS AT DESTINATION, THIS INSURANCE SHALL CONTINUE TO PROVIDE
THE COVERED RISKS EVEN IF THE GOODS AND/OR CONVEYANCE IS/ARE DEVIATED
TO OTHER DESTINATION(S) BY THE CARRIER OR ITS AGENT.

 CERTIFICATE OF ORIGIN, IN ORIGINAL AND ONE COPY CERTIFIED BY JOINT

ARAB CHAMBER OF COMMERCE OR IN ITS ABSENCE BY ANY CHAMBER OF
COMMERCE / CHINA COUNCIL FOR THE PROMOTION OF INTERNATIONAL TRADE,
ORIGINAL OF WHICH DULY LEGALIZED BY THE IRAQI EMBASSY OR CONSULATE OR

3
 ITS REPRESENTATIVE IN THE EXPORTING COUNTRY CERTIFYING THAT ARE OF
............ ORIGIN.CERTIFICATE OF ORIGIN MUST STATE FULL NAME AND ADDRESS OF
THE MANUFACTURER / PRODUCER OF THE GOODS.

 PACKING LIST ONE ORIGINAL AND …………………………COPIES ISSUED BY

 WEIGHT LIST ONE ORIGINAL AND…………………………. COPIES ISSUED BY

 Health certificate issued by ……………………………………. stating that (pleases specify)

…………………………………………………………………………………………………………………………………………
……………

 Analysis certificate issued by …………………………………. stating that (please

specify) .
…………………………………………………………………………………………………………………………………………
………………

 INSPECTION CERTIFICATE ISSUED BY…BUREAU VERITAS …………………………………

STATING THAT (PLEASE SPECIFY)
…………………………………………………………………………………………………………………………………………
……………

Other documents/ certificates:

* All documents must show this letter of credit number.

Cont. Application for opening of an irrevocable Letter of Credit.

 Insurance is covered locally by the applicant under open cove note / policy
no…………………………………with ………………………………………………. ……. Fax No.
…………………………………………………………………………...

Shipment advice, referring to cover note/policy no. ……….…. must be sent to the insurance
company and to the applicant Fax no…………………not later than the following day after the
day of shipment or the date of the delivery of the goods, advising shipment details quoting the
name of the carrying vessel/ air carrier and flight number/ overland carrier and truck number
plate(s), date of shipment/taking in charge/ dispatch, number of packages, description of
goods, amount, this credit number and insurance cover note/policy number. A copy of the
shipment advice and the transmission reports must accompany the documents.

 Shipping marks (must be marked on all the transport documents):

Special Instructions Regarding Terms of Payment:

The amount of this credit represents 100% of the goods value and payable as follows.

a-…………% of total amount of the invoice is payable as per the letter of credit terms of
payment. The invoice must be issued for the full value of the goods and shows separately
deduction of the retention amount and the net amount.

4
If the bill of exchange is required under the credit terms of payment, then the bill must
be drawn for the net amount of the invoice.

b- ……… % being the retention amount, is only payable upon your receipt of our written
instructions during the validity of the credit subject to our sole discretion, in event our
instructions are not received by you within the validity of the credit, then you are
relieved from your obligations towards the beneficiary under the letter of credit.

 Special instructions (please specify the document required to support compliance with any
special condition):

 Chartered Party Bill of Lading Is acceptable

In case Charter Party bill of lading is acceptable, the following certificate must be presented:

A certificate issued and signed by the owner of the carrying vessel or the master or the
charterer confirming that the full set of the charter party bill of lading no…………………
dated…………………covering shipment of………………. on the vessel…………………. from port
of…………………….to port of………………………. only one full set has been issued for the goods
mentioned therein and that no other full set of bills of lading were issued for the same cargo.

We further certify that the above named vessel carrying the cargo stated therein is making a
direct trip from the port of………………….to the port of………………… and we irrevocably confirm
that we will not accept from the charterer, owner or any other party whomsoever any
instructions to deviate the vessel and the cargo from the original of destination unless written
prior approval of Trade Bank of Iraq has been obtained in advance.
______________________________________________________________

Margin and Charges incurred in Iraq for account of the applicant.

We authorize you to debit our account no. ……………………………. with, the margin,
insurance premium, issuance charges, commission, postage, courier, telex and other
expenses and all other charges incurred due to issuance of this credit. You are authorised
to debit our account with the interest at the rate prevailing at the time of payment by
yourself or by your correspondent bank as the case may be.
____________________________________________________________
Charges incurred ( ) in Iraq (delete if not applicable) and ( )outside Iraq:
All bank charges, commission and expenses (postage, courier, telex and other expenses)
reimbursing bank’s charges, the interest at the rate prevailing at the time of payment by yourself
or by your correspondent bank as the case may be. are for
 our account
 Beneficiary’ account.
_______________________________________________________________________

5
 Documents which include one or more original transport documents must be presented not later
than 21 calendar days after date of shipment, or otherwise documents must be presented not later
than …………days after the date of shipment, but in any event not later than the expiry date of the
credit.
__________________________________________________________________________
I/we agree that except so far as otherwise stated, this credit is subject to the Uniform Customs
and Practice for Documentary Credits, 2007 Revision, International Chamber of Commerce
Publication no.600.
__________________________________________________________________________
In consideration to your issuing the above mentioned credit based on our request and our terms,
I/ We hereby bind myself/ourselves in respect of conditions as detailed therein.

Settlement: we declare that we have filled in and read carefully this application and confirm our
agreement and commitment. You are authorised to debit our account mentioned below with the
amount(s) of any drawing(s) unless otherwise has been arranged and agreed with you. _

Account number l l l l l l l l l l l l l .

Please specify here if you wish to settle the margin or any other item stated above to a
different account other than the account mentioned above.

Cash Margin / Debit account no…………………… in settlement of (please specify)

……………………………………………………. ...
…………………………………………………………………………………………………………………………………………………..

Authorised Signature(s)
Of the Applicant

Signature Verified by TBI.

0
Code IP5-F01 Version 02 6/6/2018 Revision 00/00/00
0

Applicant is also to sign all annexes to this application in full.