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Letter of Credit Documents

Freight Forwarder’s Bill of Lading Not Acceptable

Freight Forwarder’s Bill of Lading Not Acceptable

Some issuing banks add an additional condition to the letters of credit they have issued, indicating that freight forwarder's bill of lading is not...
sea waybill

Sea Waybill (Non-Negotiable Bill of Lading)

Transport documents can be classified under two main groups: Negotiable transport documents and non-negotiable transport documents. Bill of lading has always been a negotiable transport...
certificate of origin in letters of credit

Certificate of Origin

A Certificate of Origin (often abbreviated to CO, C/O, COO) is a trade document, which identifies the origin of goods that is being exported...
bill of exchange

Bill of Exchange

On this page, I will try to explain "Bill of Exchange" and its applications in letters of credit. Banks mention "Bill of Exchange" as "Draft"...

How to Complete a Bill of Lading under a Letter of Credit Payment?

Bill of lading is a transport document covering the carriage of goods by sea. Letters of credit rules define 4 different types of bills of...

What Happens if Letter of Credit is Silent in Regards to the Period of...

Documents must be presented to the nominated banks within allowed time frame under letters of credit payments. Otherwise issuing banks or confirming banks raise late...
road transport document cmr

Road Transport Document (CMR)

On this page, I will try to explain you "Road Transport Document" and its applications in letters of credit transactions. Banks mention Road Transport Document...
shipping documents

Shipping Documents

Shipping documents, when used as a term in a letter of credit, could create problems between the issuing bank and the beneficiary due to...
Made Out to the Order of

What Does “Made Out to the Order of” Mean in a Bill of Lading?

Majority of the letters of credits are asking for a bill of lading which must be issued made out to the order of the...
Certified Commercial Invoice and Legalized Commercial Invoice

Certified Commercial Invoice and Legalized Commercial Invoice

A certified commercial invoice is a commercial document, which is issued by the beneficiary of the letter of credit and certified by the chamber...
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