Trade Portal - Application Form

Kindly select the features applicable from the list below:

(i). Letters of Credit

(ii). Form NXP (iii). Bills for Collection

(iv).Form A

Signed for and on behalf of the

Signature

Date

Signature

Date

SECTION 1

COMPANY GENERAL INFORM TION

SECTION 2

BANK ACCOUNT INFORM TION

Trade

Portal

Application Form

Please complete this section with

information

about

your o

Company Name:

Office Address:

Landmark: Office Telephone:

Company E-mail Address:

CONTACT INFORMATION

Name of Primary Contact Person: Name of Secondary Contact Person:

Designation: Designation:

Office Telephone/Extension: Office Telephone/Extension:

Mobile Phone: Mobile Phone:

E-mail Address: E-mail Address:

List account number (s) to be activated on the Trade Portal in the boxes below:

Indicate the

account (s)

to debit for

payment

processing Indicate the

account (s)

to debit for

payment

processing.

SECTION 3

FE TURES

and customer:

All authorizers set up on the Zenith Trade Portal must be in accordance with their mandates in the bank. Non-signatories to

t h e account(s) shall not be set-up as authorizer(s) until the board resolution authorizing such person(s) to act in that

capacity is submitted to the bank.

I, on behalf of

.............................................................................................hereby

certify that the information provided on this form is

true and accurate. I agree that Zenith Bank reserves the right to take appropriate measures including legal action if the information

here is

discovered

to be

false.

Signatory

1....................................................

Designation...........................................

Date...................................

Signatory

2....................................................

Designation...........................................

Date..................................

SECTION 4: USER PRIVILEGES

NAME OF USER

npu

ifie

Authorizer

2nd A

ize

Authorizer

MOBILE NUMBER

EMAIL ADDRESS

FOR OFFICIAL USE ONLY

Name of Relationship Officer: _____________________________________________________

Telephone Nos: ______________________ E-Mail Address: _______________________________________

Signature: __________________________ Date: _________________________

Please verify that all Authorizers (Simple and Advanced) in the user privileges form are signatories to the account and are in line with the mandate

specified in the account

Remark (by CSU) ___________________________________________________________________________

CSU ________________________________ __________________ ___________

HOP ________________________________ __________________ ___________

Branch Head ________________________________ __________________ ___________

Signature

Date

Signature

Date

Signature

Date

Name

Tick below as applicable

View Only

ZENITH TRADE PORTAL TERMS AND CONDITIONS

By applying for the use of the Zenith Trade Portal product, the customer hereby agrees to

the following terms and conditions:

OBLIGATIONS OF THE BANK

i. To provide the customer with such services as listed in the attached document referred

to as annexure A.

ii. To ensure the customer’s requests sent from Trade Portal services online are

processed.

iii. To ensure that incoming messages from the customer’s beneficiary’s bank is sent to

the customer via the trade portal services (message to bank).

iv To ensure that customer has access to LC drafts, future telex, etc.

v To ensure funds transfer requests are processed and telex sent when compliant with

regulation.

vi. To ensure that payments are executed by the effective payment dates indicated by the

customer in the customer’s file sent when compliant with regulation.

vii. To provide the Customer with status report, which may be by electronic means or

otherwise, showing details of all payments made by the Bank on behalf of the

customer;

OBLIGATIONS OF THE CUSTOMERS

i. To provide the Bank with every information required to effectively process requests

received from the trade portal service.

ii. To ensure that the application and user forms forwarded by the Customer is in line

with the customer’s account mandate with the Bank;

iii To ensure that all security details such as passwords, PIN and access codes are

kept private and not shared with anyone.

iv. To provide at least one member of staff to be nominated as product owner and

thoroughly trained by the Bank to provide the first line of support for all enquiries to be

made by the customer;

v. To pay the relevant fees and expenses associated with transaction, these charges are

Subject to review from time to time by the Bank.

vi. To ensure appropriate signatories and authorizers are set up to approve payments and

requests in accordance with the Bank account mandate.

vii. To ensure that appropriate documents are attached for every payment made in the

System as the Bank does not verify/confirm the correctness of such documents.

viii To perform due diligence on their suppliers and other counter party.

ix To ensure all users are conversant and adhere to this terms and conditions

x. In consideration of the Bank opening a Letter of Credit the customer undertakes to

repay to the bank all monies paid in pursuance of this Letter of Credit together with

interest, commission and all customary charges. The Bank is hereby authorized to

charge any account of the customer with all monies so paid or for which the Bank is

liable under this Credit.

xi All goods and all Bills of Lading, Warrants, Delivery Orders, Documents of Title and

Securities whatsoever which have been or shall hereafter delivered into the

possession of the Bank or its agent as a result of opening or in connection with any

transaction under this Credit are and shall be pledged to the Bank as security for all

payments made or which may be made by the Bank or its agents under this Credit

together with interest, commission and other customary charges and the bank shall

have full discretion and power of sales over the said goods without prior notice to the

customer.

xii. This Customer undertakes to hold the Bank covered against fire and other risks after

the expiry of the insurance provided and in case of loss the amount due under

all such policies hall be paid over to the Bank. The Customer authorizes the

Bank to collect the amount due under any such insurance.

xiii The customer undertakes to pay freight and landing charges on the goods.

xiv Neither the Bank nor its agents shall be in any way responsible for the correctness

of description, quality, quantity, value or delivery of any goods nor for the

correctness genuiness regulatory of validity of any drafts or documents nor for the

general or particular conditions stipulated in any document, nor for delay or

deviation from instruction in regard to shipments.

xv. The Customer undertakes to provide the Bank at or before maturity with funds

To meet all disbursements and acceptance together with commission, interest,

charges, etc.

xvi This Letter of Credit is subject to the usual terms and conditions operating in the

centre where the Credit be established.

xvii. It is understood that all instructions and correspondence relating to this Credit are

to be sent at the risk of the Customer and that the Bank does not assume any

responsibility for any inaccuracy, interruption error or delay in transmission or

delivery by post, telegraph, swift or any other expeditious means as deem fit by

the Bank.

xviii This credit is subject to the Uniform Customs and Practice for Documentary

credits (2007 Revision) International Chamber of Commerce, publication No. 600.

xix The opening of this Letters of Credit and other future Letters of Credit is subject to

the above terms and conditions to which we agree.

INDEMNITY AND RELEASE CLAUSE

The customer shall indemnify and keep the Bank fully indemnified against all

claims, demands, liabilities, actions, proceedings, losses, costs, (including

reasonable attorney’s fees and costs) which may be incurred by the Bank arising

out of or in connection with the execution of the Customers’ instruction to make

payments and the performance of the obligations contemplated under this

transaction.

ARBITRATION

The customer and the Bank shall use their best efforts to amicably settle all

disputes arising out of or in connection with the performance or interpretation of

these Terms and Conditions. Any dispute or differences arising out of the

construction, interpretation or performance of the obligations created under this

business relationship which cannot be settled amicably within one (1) month after

receipt by a party’s request for such amicable settlement may be referred to a

single arbitrator to be appointed in accordance with the Arbitration and Conciliation

Act. Cap. A 18, Laws of Federation of Nigeria 2004.

FORCE MAJEURE

The Customer and the Bank agree that there shall attach no liability to carry out

any obligations under the Terms and Conditions if it is attributable to the event of

force majeure including but not limited to systems downtime, Server failure, civil

commotion, strikes or lock outs, war, flood, insurrection and other acts of God

PROVIDED however that where an event of force majeure subsists for more

than one (1) month the party affected by such force majeure event shall be

deemed to have been voluntarily excused from the transaction contemplated by

this Agreement.

GOVERNING

These terms and Conditions shall be governed and construed in accordance with

the laws of the

Federal Republic of Nigeria in force from time to time.

Having read and understood the provisions of these Terms and Conditions, I/We

hereby append my/our signature(s) this day……………………..day

of………………………..20………

*(For a Company)

THE COMMON SEAL OF the within named

....................................................................

Was hereunto affixed in the presence of

....................................................................

DIRECTOR

....................................................................

SECRETARY

*(For an individual)

……………………………………………………..

(N 15.00 Stamp)

ANNEXURE A: LIST OF SERVICES

This annexure provides a detailed list of standard services that are to be delivered to the client under the Terms of this agreement.

The Trade portal services provided by the bank will allow the client perform the following services on an online real-time basis:

Import Letter of Credit (LC)

• LC Initiation

• LC Amendment

• Message to Bank

• Pending LCs.

• LC Inquiry

• LC Maintenance

Export Letter of Credit (ELC)

• Transfer & Assignment

• Message to Bank

• Pending ELCs.

• ELC Maintenance

License (Forms A, NXP, NCX)

• License Initiation

• License amendment

• Message to bank

• License Inquiry

• License Maintenance

* Other Services that will be available using Zenith Trade Portal include:

Import Collection (IC)

• Product Enquiry

• Pending Letter of Credit (LC)

• IC Inquiry

• IC Maintenance

Export Collection (EC)

• EC initiation

• EC Amendment

• Product enquiry

• Pending ECs

• EC Inquiry

• EC Maintenance

Funds Transfer (Invisibles)

• FT Initiation

• Pending FTs

• FT Inquiry

• Maintenance