Checklist for documents requested in the letters of credit
* The transport document. Says he date of shipping? Is it signed? He carries the name of the carrier on the front? Is it clear and freight paid under the terms of the letter of credit? Says he loading date as UCP 500? Are the ports of loading and unloading the same as stated in the letter of credit? Is the document type used good? So it should not be a bill of charter party if such a document is not required by the letter of credit. If the transport document is a bill of lading for maritime container in accordance with the letter of credit, make sure it shows the number of containers and the total weight does not exceed the total capacity of the containers: in fact, the bank could inspector doubt the authenticity of the document. Make sure that there is no transhipment or partial shipments if they are forbidden by the letter.
* The bill. The description of the goods listed on the Commercial Invoice it matches that of the letter of credit? The invoice is executed it to the buyer’s name as stipulated in the letter? Says she amount, quantity, prices and costs under the terms of the letter of credit or the limits imposed by the UCP 500? The number of copies it corresponds to the one specified in the letter?
* The insurance document. Is this document duly required by the letter of credit or in accordance with UCP 500? He covers all risks from the specified shipping date? The amount and currency they correspond to those cited in the letter of credit? Is the document signed and endorsed?
* The packing list. She agrees with that of the letter of credit? Is it consistent with other documents such as the commercial invoice, for example?
* Signatures. All certificates required in Are credit letter signed? Are they legalized according to specified terms? Have the amendments or additions been authenticated?
* The bill of exchange. Is this piece included in the file according to the requirements of the letter of credit? Is the bill of exchange drawn duly signed and endorsed? Is the amount in line with the commercial invoice?
