General guidelines
When you receive a documentary credit, you should examine it carefully, following the checklist below. You may want to involve the company employees responsible for:
  • ensuring that the goods are ready for shipment on time
  • completing the documents
  • arranging transport
Documentary credit checklist

Is the text clear and unambiguous?
Are the terms and conditions the same as those you agreed on with your customer?
Is the documentary credit issued by an acceptable bank?
Is the documentary credit subject to the international rules for documentary credits - UCP 600?
Can you comply fully with ALL the requirements?
Are all the expressions in the documentary credit clear and unambiguous?
Does the documentary credit contain contradictory requirements?
Can the time limits for shipment and presentation of documents be met?
Are the insurance requirements, if any, acceptable?
Are the requirements for transport and transport documents acceptable?
Is partial delivery or transhipment allowed, if needed?
Are your name and address shown exactly as they appear in your documents?
Are the buyer's name and address shown correctly?
Is the description of goods the same as in all the other documents?



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