What documents are typically required to be obtained by the seller under the terms of a letter of credit?

(1) A set of original, clean, on-board bills of lading made out “to order”; (2) a commercial invoice; and (3) a certificate of insurance.

Share this:

Written by Ship Inspection

Leave a Reply

What security does a bank involved in a letter of credit transaction have in return for the sum advanced?

How does a letter of credit operate?