Suggested checklist for
for presentation under
a documentary credit
1 Is credit still valid?
2 Is the available balance sufficient to cover presentation?
3 Is the draft to be drawn on issuing or confirming bank?
4 Is the draft drawn correctly and for the tenor stipulated in the credit?
5 Is the invoice issued by you and is your name shown exactly as stated
in the credit?
6 Does the invoice agree with supporting documents as regards unit price,
description of goods, weight and term of shipment?
7 Where documents include shipping marks, are they exactly as shown on
the document of despatch?
8 Has the invoice or certificate of origin been certified and/or legalized if
required under the credit terms?
9 Are miscellaneous documents, such as packing list, inspection certifi-
cate, weight note, etc., issued separately and not combined with other
10 Are all documents issued by the parties stipulated in the credit?
11 Is the insurance document issued for the correct percentage of cover,
usually 10% above CIF value and is it in the same currency as the