What is the correct first-aid procedure to stop severe arterial bleeding (pulsating, bright red blood spurting from a limb wound)?

1. Wash the wound with tap water and leave it uncovered.
2. Apply a hemostatic tourniquet above the wound (closer to the heart), tighten until bleeding stops, and attach a written note recording the exact time of application.
3. Apply a loose bandage below the wound.
4. Give the casualty hot tea and place ice on the forehead.