Typical shipping documents required for L/Cs

An L/C is a distinct and separate transaction from the contract of sale on which it is based. In documentary credit transactions, the parties are not concerned with fulfilling the terms of the sales contract. They deal solely with documents, not goods. The issuing bank’s obligation to the importer is to examine all documents to ensure that the terms and conditions of the credit are met. The advising bank is responsible for sending the documents to the issuing bank. The exporter sees to it that all conditions of the agreement have been complied with.

Sustainable Development Goals:

Industry, Innovation and Infrastructure

Peace, Justice and Strong Institutions