UT

UT-DE-II

UNDERTAKING TO BE SUBMITTED BY THE

DIRECT EXPORTER UNDER PART-II

The Manager

_______________(Branch)

_______________(Bank )

_______________(Place )

Dear Sir,

We do hereby certify and confirm that a finance of Rs._________________ (Rs. in words____________) has been allowed to us by you under Part-II of the Export Finance Scheme of the State Bank of Pakistan on the basis of the following non interest based mode, it being understood that return/ profit to be derived by the bank shall not exceed when converted into annual percentage terms :-

Mode of financing _______________________

2. We further confirm that the above finance of Rs. is in the nature of revolving limit, inclusive of the amount extended to Indirect Exporters on our behalf on which account we have/we will open Inland Letter of Credit or otherwise and will be utilized for export purposes.

3. We hereby further declare and confirm that we have not and wil1 not in future obtain any export finance from any bank other than yourselves on the basis of export receipts covered by the relative Form EE-1.

4. We further undertake that we shall realize export receipts from the exports of eligible commodities, excluding any export for which finance has been obtained under Part-I of the Export Finance Scheme during the relevant monitoring year, of a minimum amount equal to at least 2.0 times of the amount of the finance obtained by us during the relative monitoring year

5. We hereby confirm that the Firm Export Order (FEO) against which will request you to open Inland letter of credit(s) would be covered by Export Letter of Credits/Firm Export Orders, the details of which will be furnished within 15 days of the supply of such material to us.

6. We confirm that we in our capacity, as Direct, Exporter shall remain liable for fulfillment of all the obligations under the said Scheme for the Inland Letter of Credit established and financed by you under the Export Finance Scheme against Export Letter of Credits/Firm Export Orders.

7. It is expressly understood that non-performance by the Indirect (supplier of inputs/finished goods) under the Inland Letter of for any reason, whatsoever shall hot, in any manner absolve us fulfillment of our obligations as Direct Exporter under the Scheme.

UT-DE-II

8. We certify that supplies of inputs/finished goods made under the Inland Letter of Credit will be required and used by us exclusively for the manufacture and export of only such commodities, which are duly eligible for financing under the Export Finance Scheme as on date of this Undertaking.

9. We further undertake that in the event of shortfall in exports for which we have availed of the above finance or in the event of our failure to submit to you form EF-I duly verified by the bank concerned within 50 days of the close of the relevant monitoring period, we will be liable to pay fine at the rate as prescribed by the State Bank from time to time and hereby irrevocably authorise you to debit the same to our account with you.

Signature verified Authorised Signature of the Exporter

Banks Authorised signature

UT-IDE-I

UNDERTAKING TO BE SUBMITTED TO THE BANK BY THE INDIRECT

EXPORTER AT THE TIME OF OPENING AN INLAND LETTER OF

CREDIT UNDER PART I OF THE EXPORT FINANCE SCHEME

(To be furnished on non-judicial stamp paper)

The Manager,

(Name of the branch)

(Name of the Bank)

(Place)

Dear Sir,

We do hereby certify and confirm that a finance of Rs. _______________ has been sanctioned to us by you under the Export Finance Scheme of the SBP on the basis of the following non interest based mode of financing, it being understood that return/profit to be derived by the bank shall not exceed __________ Mode of financing _______________

2. We further confirm and undertake that the export financing of Rs.________ has been obtained by us against inland letter of credit opened by (name of the banker of the Direct Exporter) and the same shall be used exclusively to finance the goods concerned in the said inland letter of credit opened on the basis of export letter of credit/export firm order :-

Export Letter of Credit/Export firm order

S.No.	No.	Date	Amount	Amount
1.	2.	3.	4.	5.

Inland Letter of Credit (ILC)

S.No.	Date	Amount	Commodity to be supplied	Quantity	Date of delivery
6.	7.	8.	9.	10.	11.

Specify amount in Foreign Currency/Local Currency, whichever is applicable

UT-IDE-I

3. We do hereby further undertake to submit to you the following documents for negotiation under the aforesaid Inland letter of credit against which you have allowed toi us the above finance under the Export Finance Scheme.

a) Copy of Invoice

b) Copy of Truck Receipt/Delivery Receipt

c) Copy of Goods Received Note/Acknowledgement of goods

received by the Direct Exporter

4. We do hereby confirm and agree that in the event of our failure to affect delivery to (name of the Direct Exporter) on or before the due date of delivery and to submit the above documents to you within 15 days from the date of delivery, you have irrecoverable authority to recover from us and debit our account with the fine at the rates prescribed by the SBP from time to time on the amount of finance availed of less the amount of finance in respect of goods delivered to (name of the Direct Exporter) if any, from the date of the original finance, We also undertake and confirm that the payment of such fine shall not be absolve us from our liabilities/obligations towards the (name of the Direct Exporters) and we shall continue to remain liable for fulfillment of all obligations under the scheme.

5. We do hereby further confirm and undertake that the submission of documents in respect of the above mentioned inland back to back letter of credit will remain our responsibility and we shall provide to you the relevant evidence of delivery of goods to (name of Direct Exporter) and finance so extended to us shall stand adjusted in our name on submission of delivery documents.

Signature verified Authorised Signature of the

Indirect Exporter

Bank's Authorised Signature

UT-IDE-I

UNDER TAKING TO BE SUBMITTED BY THE

INDIRECT EXPORTER UNDER PART-II

The Manager,

(Name of the branch)

(Name of the Bank)

(Place)

Dear Sir,

2. We further confirm and undertake that the export financing of Rs.________ has been obtained by us against inland letter of credit by (name of the banker of the Direct Exporter) and the same shall be y used exclusively to finance the goods concerned in the said inland letter of credit opened on the basis of export letter of credit/export firm order mentioned as follows :-

Export Letter of Credit/Export Firm order

S.No.

No.

Date

Amount

F.Cy.

Amount

L.Cy.

Inland Letter of Credit (ILC)

S.No.	Date	Amount	Commodity to be supplied	Quantity	Date of delivery
6.	7.	8.	9.	10.	11.

Specify amount in Foreign Currency/Local Currency, whichever is applicable

UT-IDE-II

3. We do hereby further undertake to submit to you the following documents for negotiation under the aforesaid Inland letter of credit against which you have allowed toi us the above finance under the Export Finance Scheme.

a) Copy of Invoice

b) Copy of Truck Receipt/Delivery Receipt

c) Copy of Goods Received Note/Acknowledgement of goods

received by the Direct Exporter

4. We do hereby confirm and agree that in the event of our failure to affect delivery to (name of the Direct Exporter) on or before the due date of delivery and to submit the above documents to you within 15 days from the date of delivery, you have irrecoverable authority to recover from us and debit our account with the fine at the rates prescribed by the SBP from time to time on the amount of finance availed of less the amount of finance in respect of goods delivered to (name of the Direct Exporter) if any, from the date of the original finance, We also undertake and confirm that the payment of such fine shall not be absolve us from our liabilities/obligations towards the (name of the Direct Exporters) and we shall continue to remain liable for fulfillment of all obligations under the scheme.

5. We do hereby further confirm and undertake that the submission of documents in respect of the above mentioned inland letter of credit will remain our responsibility and we shall provide to you the relevant evidence of delivery of goods to (name of Direct Exporter) and finance so extended to us shall stand adjusted in our name on submission of delivery documents.

Signature verified Authorised Signature of the Exporter

Bank's Authorised Signature

Form DE-I

PARTICULARS SHOWING THE STAGES OF COMPLETION OF THE

PRODUCT TO BE EXPORTED BY THE DIRECT EXPORTER

Name of the Direct Exporter
Address
Nature of the Operation Manufacturing/Semi Manufacturing/Trading
Name of the Foreign Buyer
Address
L/C No./Firm Export Order No.
Date of LC/Firm Export Order
Amount of the LC/Firm Export Order
Whether there will be partial shipments or one shipment

(In case of the partial shipment the Direct Exporter will have

to submit the same form separately with each request

for financing.)

10. Amount of finance required

11. Description of commodity to be exported now

12. Manufacturing requirements

Purchase of inputs from local suppliers

Purchase of inputs from Foreign suppliers

Value addition on purchased inputs.

Total; _____________________

Details of manufacturing requirements

A: Local Inputs

Sr.No.

Name of Indirect Exporter

Commodity purchased

Estimated Delivery date

Estimated No. of days from date of opening of ILC

Quantity

Amount

B: Foreign Inputs

Sr.

No.

Name of Foreign Suppliers/Comm. Importers

Country

Commodity

Estimated date by which L/C will be opened

Estimated delivery period

Quantity

Amount in Foreign currency

Eqvlt. Pak. Rs.

C: Value addition

(Inclusive of Freight Insurance,

other overheads and profit margin)

12. Details of financial requirements i.e. (A+C) :-

a) For suppliers of local Inputs b y Amount Period No. of days

Indirect Export No.1

No.2

No.3

b) For value addition

by the Director Exporter Amount Period No. of days

Certified that the contents of this statements are correct to the best of our

knowledge & belief.

Signature of Direct Exporter

(Seal)

Counter signature by the

Bank of the Direct Exporter

Please attach the information in the form of separate Annexure for more than 3 foreign suppliers.

Form "DE-2"

CERTIFICATE SUBMITTED BY DIRECT EXPORTER/UNDER

PART I OF THE EXPORT FINANCING SCHEME

We do hereby certify that we have neither obtained any finance nor have authorised any other bank to open any ILC in Pakistan except against the Exporter Letter of Credit (ELC)/Firm Export Order (FEO) mentioned hereunder :-

ELC No. ______________________ Dt. _____________ Amount ____________

FEC No. ______________________ Dt. _____________ Amount ____________

List of ILCs issued to indirect exporters :-

Sr. No.	Name & Address of the Indirect Exports	No. & Date of ILC	Value of ILC
1.	2.	3.	1.

Dated : _________________

Place : _________________ Authorised Signatures

(Direct Exporter)

Authorised Signatory of Bank

Form "DE-3"

APPLICATION FORM OF THE DIRECT EXPORTER GIVING

PARTICULARS OF BORROWING LIMIT (AS PER FORM EE-I)

AND THE FINANCIAL REQUIREMENTS AGAINST IMPORTED

INPUTS AND THE LOCAL SUPPLIES FROM THE INDIRECT EXPORTED

1. Name of the Direct Exporter

2. Address

2a. Nature of the Operation

3. Name of the Foreign Buyer

4. Address

5. Export Refinance vide EE/EF Form

for the year ___________

6. List of IDEs to whom following ILCs have been opened :-

Name of IDE ILC No. Amount of ILC

Total Rs. ______________

7. Balance amount of export performance (5-6) _____________

8. Borrowing entitlement as per 7 above _____________

9. Amount of export finance already availed of by DE _____________

10. Amount of unutilized limit, if any (8-9) _____________

11. Details of manufacturing requirements _____________

Form "DE-3"

A: Local Inputs

Sr.No.

Name of Indirect Exporter

Commodity purchased

Estimated Delivery date

Estimated No. of days from date of opening of ILC

Quantity

Amount

B: Foreign Inputs

Sr.

No.

Name of Foreign Suppliers/Comm. Importers

Country

Commodity

Estimated date by which L/C will be opened

Estimated delivery period

Quantity

Amount in Foreign currency

Eqvlt. Pak. Rs.

C: Value addition Amount in Rupees __________

12. Details of financial requirements :-

a) For supplies by IDE

b) For Foreign Inputs ______________

c) For Self manufacturing/value addition ______________

______________

Certified that the contents of this statements are

correct to the best of our knowledge & belief.

Signature of DE

Counter Signature by the Authorised Dealer/Bank of the DE

. Please attach the information in a separate Annexure for more than

3 Indirect exporters/Foreign suppliers.

Form EE-1

PARTICULARS OF EXPORT RECEIPTS IN RESPECT OF ELIGIBLE COMMODITIES UNDER PART-II OF THE EXPORT FINANCE SCHEME FOR THE MONITORING PERIOD ...............................................
.

Full name and Address of the Exporter .................... ( To be submitted in triplicate)

Export Registration Number .....................................

Name and address of the Bank ................................

S.No.

Export

Form No.

Name of

Consignee

Comm-

odity

Contract/L.C. under which shipment made

Date of shipment

Date of Negotiation by the bank by way of discounting/ purchase of bill

Proceeds Realised or to be realised

Monthly return and the name of office of State Bank to which realization reported by the bank

Remarks

No.

Date

Amount

Amount in Foreign Exchange

Amount in Pak. Rupees

Date of Realis-

ation in case export proceeds already realised

10.

11.

12.

13.

14.

I/we hereby solemnly affirm that the above

statement does not include :-

i) any export of commodities which do not qualify Signature of the Exporter

for export finance under the Scheme Countersigned by the bank

(Signature)

ii) the exports on usance basis reported in this statement are against

irrevocable letter(s) of credit which is/are eligible for negotiation

without reserve and the usance bills in respect thereof have not been

negotiated with a scheduled bank in Pakistan except those mentioned above.

(Name and Designation of the Authorised Officer of the bank)

(To be verified and authenticated by Foreign Exchange Department)

Form EF-1

PARTICULARS OF EXPORT RECEIPTS IN RESPECT OF ELIGIBLE COMMODITIES UNDER PART-II OF THE EXPORT FINANCE SCHEME FOR THE MONITORING PERIOD ...............................................
.

Full name and Address of the Exporter .................... ( To be submitted in triplicate)

Export Registration Number .....................................

Name and address of the Bank ................................

S.No.

Export

Form No.

Name of

Consignee

Comm-

odity

Contract/L.C. under which shipment made

Date of shipment

Date of Negotiation by the bank by way of discounting/ purchase of bill

Proceeds Realised or to be realised

Monthly return and the name of office of State Bank to which realization reported by the bank

Remarks

No.

Date

Amount

Amount in Foreign Exchange

Amount in Pak. Rupees

Date of Realis-

ation in case export proceeds already realised

10.

11.

12.

13.

14.

I/we hereby solemnly affirm that :-

i) the above statement does not include :

a) any export of commodities which do not qualify Signature of the Exporter

for export finance under the Scheme

b) any export made under a Contract/L.C. Countersigned by the bank

against which I/We obtained export finance from

any bank under Part-I of the Scheme.

ii) the exports on usance basis reported in this statement are against

irrevocable letter(s) of credit which is/are eligible for negotiation

without reserve and the usance bills in respect thereof have not been

negotiated with a scheduled bank in Pakistan except those mentioned above.

(Name and Designation of the Authorised Officer of the bank)

(To be verified and authenticated by Foreign Exchange Department)

Form EC-1

APPLICATION FORM TO BE SUBMITTED BY SCHEDULED BANKS TO THE CONCERNED OFFICE OF THE STATE BANK OF PAKISTAN TO OBTAIN REFINANCE UNDER EXPORT FINANCE SCHEME (PART-I)

Name of the Schedule Bank _____________________

Address _____________________

Date _____________________

S.No.

Name and

Address of the Borrower

Commodity to be exported

Destination of export

L.C. or Firm Order

By whom opened/ placed

Number

Amount in Foreign Currency

Rate of Exchange with value date

Foreign inputs required if any (Amount in FC(s)	Balance amount 8-10	Equivalent Pak Rupees	Rate at which shipment is to be effected	Indirect Exporters as per box A	Direct exporters as per box 3	Due date of repayment as per relevant Box	The profit, express in annual percentage earned from exporter
10.	11.	12.	13.	14.	15.	16.	17.

BOX "A" BOX "B"

S.No.	Name of IDE	Commodity	Amount of finance	Date of finance	Period		S.No.	Amount of finance provided/ to be provided to Direct Exporter	Date of finance provided
i.	ii.	iii.	iv.	v.	vi.		i.	ii.	iii.

Certified that the contents of this statement are correct to the best of our knowledge and belief.

For and on behalf of ___________________________

Name of the Scheduled (Bank)

(Signatures)

(Designation)

Loan No. _____________ Form "ED-1"

Date of grant ___________

Amount ___________

STATEMENT OF PERFORMANCES AGAINST FINANCE AND REFINANCES OBTAINED FROM SBP UNDER THE EXPORT FINANCE SCHEME (PART-I) INCLUSIVE OF FINANCE/REFINANCES OBTAINED BY THE INDIRECT EXPORTERS OF THE DIRECT EXPORTING AGAINST EACH LOAN

Name and address of the Direct Exporter	Sr.No. of Form EC-1	Commodity exported	Date of shipment	"E" Forms Nos.	Total amount of shipment		Reference No. of ELC/FEO against which finance has been obtained	Date/Amount of finance availed by DE
					FCY	LCY
1.	2.	3.	4.	5.	6.	7.	8.	9.

Date/Amount of refinance obtained from SBP by DE	Date/Amount of finance obtained by IDE	Date/Amount of refinance obtained from SBP by IDE	Period of refinance utilised in the name of DE	Period of refinance utilised by IDE	Profit/Returns charged from DE	Profit/Return charged from IDE(s)	Remarks
10.	11.	12.	13.	14.	15.	16.	17.

Sr.No.	Details of IDEs		Reference No. of ILC		Dates of supplies	Name of Banks/Branch
	Names	Commodity	No.	Amount

Certified that the contents of this statement are

correct to the best of knowledge and belief.

For and on behalf of

(Signature) (Signature) (Name of the Bank)

Designation Designation

Form "IFS"

STATEMENT OF FINANCE AND REFINANCES OBTAINED FROM SBP UNDER THE

EXPORT FINANCE SCHEME UNDER AN ILC BY INDIRECT EXPORTER

Name of the Scheduled Bank _________________________

Address _________________________

Date _________________________

Reference of Refinance Loan No. _________________________

S.No.

Name and Address of Direct Exporter

Reference of Form IC-1

Name and Address of the Indirect Exporter

Reference of ILC

Commodity supplied

Date & Amount of pre-shipment finance under ILC

Date of supplies of goods as per GRN/Delivery Challan

Date & Amount of refinance obtained from SBP

Date and amount of refinance repaid by bank

Amount of profit return charged from indirect Exporter

10.

11.

12.

13.

Certified that the contents of this statement are

correct to the best of knowledge and belief.

For and on behalf of

Name of the Bank

(Signature) (Signature)

Designation Designation