There are three specific procedures for applying for opening a letter of credit:

(1) Submit a copy of the relevant contract and its annexes:

When an importer applies to a bank to open a letter of credit, he must submit a copy of the import contract and the required attachments, such as import license, import quota certificate, approval documents of some departments, etc.

(2) Fill in the letter of credit application:

The importer shall fill in triplicate according to the uniform application form stipulated by the bank, and one copy shall be kept by the business department; One for the finance department; One for the bank. When filling out the application for opening a letter of credit, the requirements of the letter of credit must be clearly and completely stated according to the specific provisions of the contract terms, and there must be no vague records.

(3) Payment of deposit:

According to the international trade practice, when an importer opens a letter of credit in a bank, he must pay a certain percentage of the deposit to the bank, which is generally a few percent to dozens of percent of the amount of the letter of credit, generally depending on the importer's credit standing. In China's import business, the issuing bank requires the applicant to pay a certain percentage of RMB deposit according to different enterprises and transactions, and then the bank will open a letter of credit.

The second is the initial review of new customers by banks.

1. For customers who come to the bank for import business for the first time, they should submit

(a) a copy of the business license;

(two) the original approval of import and export business;

(3) customer relationship approval (if any);

(4) Power of attorney of the legal representative, with the following contents: the full name of the Chinese and English enterprise of the entrusting unit shall be consistent with the license and business license; List the signature, seal, official seal and financial seal of the business and authorized person. The power of attorney must be signed by the legal representative and stamped with the official seal; The official seal and legal representative of the client enterprise must be consistent with the relevant contents in the approval document for import and export business (if any) and the industrial and commercial business license; The customer shall clearly state in the power of attorney that the relevant business is bound by the relevant laws and regulations promulgated by the state and relevant functional departments; Perform relevant rights and obligations in strict accordance with international practices).

Three, the import letter of credit must pay attention to the problem.

1. Before applying for opening a letter of credit, import approval procedures and foreign exchange sources must be confirmed.

2. The timing of opening a letter of credit should be based on the principle that the seller can ship within the shipment period stipulated in the contract after receiving the letter of credit.

3. The requirement for opening a letter of credit is "the same as the letter of credit" and must be based on the original contract signed with foreign countries. It cannot be based on "reference contract XX" or attached to the letter of credit, because the letter of credit is an independent document and is not attached to any trade contract.

4. If it is a time draft, the term of the bill must be clear, and the price terms must be consistent with the corresponding document requirements, cost burden and expression.

As the bank pays cash by documents, it is not bound by the contract regardless of the quality of the goods. Therefore, in order to make the quality of the goods meet the requirements, the other party may be required to provide the commodity inspection certificate when opening the L/C, clarify the specifications and quality of the goods, and designate the commodity inspection authorities.

6. The contents of the letter of credit are clear and definite, which clearly stipulates the drawer of various documents and the contents of each document.

7. The terms stipulated in the contract should be translated into the corresponding terms of the letter of credit, because under the settlement mode of the letter of credit, as long as the documents are in conformity with the terms of the letter of credit on the surface, the issuing bank must pay according to the provisions. If the letter of credit application contains certain conditions and does not clearly stipulate the corresponding documents to be submitted, the bank will think that this condition is not listed and will not be adopted.

8. Make clear whether the letter of credit is revocable or irrevocable.

9. The foreign advising bank shall be designated by the issuing bank. If the importer and exporter insist on designating the advising bank when concluding the contract, it can be used for reference by the issuing bank when selecting the advising bank.

10, stipulate in the letter of credit whether partial shipment, transshipment and third-party shipping documents are allowed.

1 1. Letters of credit opened by state-owned commercial banks in China generally do not accept clauses requiring confirmation by other banks.

Fill in the application for import letter of credit

1, DATE of issuance (date), and fill in the application date in the upper right corner of the import application;

2. To: China Bank, Zhejiang Province;

Please list the following irrevocable letters of credit (please open the following irrevocable letters of credit on our behalf and at our expense);

4. Letter of credit number (L/C #), which should be filled in by the bank;

5. Applicant, fill in the full name and detailed address of the applicant, and indicate the contact telephone number and telex number, etc.

6 beneficiary, fill in the full name and detailed address of the beneficiary, and indicate the contact telephone number, telex number, etc.

7. The advising bank, to be filled in by the issuing bank;

8. The AMOUNT of the letter of credit, that is, the total value stipulated in the contract, is expressed in figures and words respectively, and the monetary system is indicated. If a certain fluctuation range is allowed, it should be clearly indicated in the letter of credit;

9. Expiration date and place, and fill in the validity period and expiration place of the letter of credit;

10. Partial shipment is allowed. You can tick √ or × here to indicate whether you agree or not.

1 1. Whether transshipment is allowed can be indicated by ticking √ or × here;

12, the names of the place of shipment (port) and destination (port), and the latest shipment date (loading fee, transshipment to, latest shipment date), if transshipment port is allowed, it should also be listed;

13. Requirements for bills of exchange: mainly in three aspects:

(1) The amount of the draft, according to the contract, fill in the percentage of the invoice amount payable under the letter of credit. If the contract stipulates that all payments shall be made by letter of credit, the amount of draft under the letter of credit shall be100% of the invoice amount; If the contract stipulates that 50% of the payment shall be made by letter of credit and collection, the amount of the draft under the letter of credit shall be 50% of the total amount.

(2) Payment methods mainly include spot payment and forward payment. If it is a time draft, you must fill in the specific number of days, such as 30 days or 60 days.

(3) the payer, the payer is generally not the issuer, but the issuing bank or the designated bank.

14. Documentary terms: 12 has been printed in the letter of credit application, and 12 is "other documents". All documents not mentioned in the above 1 1 can be filled in here. Attention should be paid to when filling in documents:

① Put an "X" before the required documents.

(2) Then fill in the specific requirements after the terms of the document, such as how many copies, what contents should be included, etc. If the printing requirements of the letter of credit application are incomplete, you can clearly fill it out at the end of this clause.

(3) The applicant must fill in the terms of the documents as stipulated in the contract, and cannot ask for anything beyond the requirements stipulated in the contract at will, nor can it reduce or reduce the requirements stipulated in the contract.

15. Cover. The description of the goods specified in the contract includes name, specifications, packaging, unit price terms, shipping marks, etc. All contents must be consistent with the contents of the contract, especially the price terms and quantity terms. If there are any special requirements in the packaging terms, such as specifications and packaging materials, it should be specified clearly.

16. Additional explanation. Six clauses are printed in this column:

(1) all documents must list the contract number;

② All expenses outside the issuing bank shall be borne by the beneficiary (all banking expenses outside the issuing bank shall be borne by the beneficiary).

③ The quantity and amount of each item are allowed to increase or decrease by%.

④ No third party is accepted as the consignor.

⑤ Documents must reach the bank within the day after the bill of lading and within the validity of the letter of credit (documents must be kept within days after the date of issuance of transport documents, but within the validity of the letter of credit).

For the printed above terms, if necessary, you can put an "X" in the brackets before the terms, or add content after the terms.

17. Signature of the authorized person (legal representative) and contents such as telephone number and fax number (signature, telephone number and fax number of the authorized person). The bottom column of the application is signed by the authorized person concerned, and the telephone and fax numbers are added.