(On party’s Letter Head)

_______________________________________________________________________________________________
Date:
To:
The Manager
Union Bank of India
Race Course Branch
Rajkot

Sub: Request for Purchase of Foreign Currency for Making Payment for Import Transaction
Remittance amount: ( )
Dear Sir,

I/We request you to allow us to purchase Foreign Currency from your Bank towards Advance Payment for
Import/Export Payment as per Foreign Trade Policy/FEMA.

[ ] You are authorized to make payment from CC/CD A/C account no. _________________ as
per current market rate or as per Forward Contract no. ___________ booked by us.
OR
[ ] You are authorized to make payment from EEFC account no. _______________________.
(Select any one of above option available)

We submit following documents for the remittance:

Applicable for both types of payment

Sr Submitte
Documents
no. d
1 Request letter of party
2 Revised A 1 form
3 FEMA Declaration
4 OGL Declaration
6 15 CA & CB with one photocopy

In addition to above

Applicable for ADVANCE IMPORT PAYMENT

Sr Submitte
Document
no. d
PERFORMA INVOICE/CONTRACT AND INSURANCE (IN CASE OF FOB / CFR INCO
1
TERM )

Applicable for types of IMPORT PAYMENT AGAINST BILLS

Sr no. Document Submitted
1 INSURANCE (in case of FOB / CFR inco term )
2 Copy of BILL OF LADING
ORIGINAL BILL OF ENTRY (triplicate copy -exchange control copy duly signed &
3
stamped by party)
4 ORIGINAL FOREIGN BANK COVERING SCHEDULE
5 COMMERCIAL INVOICE
Please mention YES in submitted column as per applicability

WE CONFIRM YOU AS UNDER:

1. You are authorized to call for credit report on overseas client if you want, and charges on same may be debited to
our clients account (credit report for payment of $ 100000 and above or equivalent mandatory).
2. We confirmed that the exporter/beneficiary has got no connection to either the OFAC list or has got no connection
with the OFAC countries, if the funds remitted by you as per their request are blocked by any agencies for any reason
whatsoever the entire onus is upon them. They further undertake that they shall claim no amount or damages or alike
from bank upon such instances.

Moreover we also confirm to submit the Exchange Control copy of the Bill of Entry within a
period of not exceeding three months from the date of remittance as per terms of the FEMA
and Reserve Bank of India guidelines.

For any delay in submission of Bill of Entry, you can charge us for follow up as per your Bank
guidelines.

Thanking you,

Yours faithfully,

Authorised Signatory
=========================================================================

For Forex Department

To The Chief Manager,

Sir Request approval for remitting the payment as per above mentioned details received

Assistant Manager Manager Approved / Declined

Chief Manager