Documentation Preparation According L/C

Documentation Preparation According L/C

Although the preparation documents under L/C is complex, It is a bridge of trust between us which can promote a better cooperation.The list is not exhaustive, but is offered as a general guide to help in the preparation and examination of documents that could be required by a letter of credit.

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Documentation preparation Under L/C

Oulian company reminds customers that although the preparation documents under L/C is complex, It is a bridge of trust between us which can promote a better cooperation.

Below that Oulian company will briefly describe the documentation preparation under L/C in international trading that you need to know.

Document: THE LETTER OF CREDIT

Ensure: it is the correct referenced letter of credit and it is still valid (not expired/canceled)

Document: THE DRAFT OR BILL OF EXCHANGE

Ensure: 1.The draft bears the correct letter of credit reference number

2.The draft has a current date and signature

3.It is drawn on the drawee

4.The name of the payee is identified

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Document: THE COMMERCIAL INVOICE OR TRADE INVOICE

Ensure:1. it is issued by the Beneficiary of the letter of credit

2. it is not titled “pro-forma” or “provisional” invoice

3. the description of the goods should corresponds

4.currency of the invoice is the same as that of the letter of credit

5.value of the invoice does not exceed the available balance of the letter of credit

6.correct number of originals and copies are presented

Document: CERTIFICATE OF ORIGIN

Ensure:1.it is a unique document and not combined with any other document

2. the country of origin is specified, and that it meets the requirements of the letter of credit

Document: PACKING LIST

Ensure: A detailed packing list requires a listing of the contents of each package, carton, etc. and other relevant information


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Document: INSPECTION CERTIFICATE

Ensure:

1. it is signed

2.it contains no detrimental statement as to the goods, specifications, quality, packaging, etc. unless authorized by the letter of credit

Document: INSURANCE DOCUMENT

Ensure:1. full set of the insurance documents issued is presented

2. it is issued and signed by the insurance company, the underwriter or their agents

3. goods description corresponds with that of the invoice

4.covers the specified risks as stated in the letter of credit and that the risks are clearly defined

5.marks and numbers, etc. correspond with those of the transport document

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Document: TRANSPORT DOCUMENT

Ensure:1. full set of originals issued is presented

2.name of the consignee is as required

3.the name and address, if any, of the notifying party is as required

4.the description of the goods generally corresponds to the description and that the marks and numbers as well as other specification

5. there are no clauses on the transport document that may render it “foul” or“unclean”

Please note that this list is not exhaustive, but is offered as a general guide to help in the preparation and examination of documents that could be required by a letter of credit. If you want to know in detail about L/C service in international trading of Oulian company please contact with us.

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