HOW TO CHECK LETTER OF CREDIT?
HOW TO CHECK LETTER OF CREDIT? 1. Make sure that the date of issue indicated in the letter of credit. Some letters of credit states that documents must not be dated before the letter of credit issuance date. You must ensure that if such a clause has been inserted into the credit. If so, you should comply with this regulation 2. Make sure that you can make shipment before the latest date of shipment. 3. Make sure that you can present documents before the expiry date of the letter of credit. 4. Verify the expiry location of the letter of credit. 5. If the letter of credit expires at the counters of the issuing bank, but not in your own country, you may require extra time for forwarding the documents to the issuing bank. Check and Verify: 1. Make sure that the issuing bank is a valid and trustworthy bank w...