International payment 4 th Edition World Trade Press

Notes for the Seller—2
•
Document Checklist Prior to Submission to the Bank
1. Do all the documents refer to the same order and the same 
credit?
2. Are the documents present in the correct number and in 
complete sets?
3. Is the name and address of the shipper correct?
4. Is the name and address of the buyer/consignee correct?
5. Is the issuer name and address correct?
33

Notes for the Seller—2
•
Document Checklist Prior to Submission to the Bank
6. Does the description of the goods, unit price, and total price 
match the description in the credit?
7. Is the description of the goods, unit price, and total price 
consistent from document to document?
8. Does the invoice total not exceed the amount available in 
the credit?
9. Is the country of origin of the goods listed and as specified in 
the documentary credit?
10. Is the country of destination of the goods listed and as 
specified in the documentary credit?
11. Do all the dimensions, weights, number of units, and 
markings agree on all documents?
34

Notes for the Seller—2
•
Document Checklist Prior to Submission to the Bank
12. Have all the necessary documents been certified or 
legalized?
13. Are the invoice numbers and documentary credit numbers 
correct and listed in the proper places?
14. Is the bill of exchange legally signed?
15. Does the bill of exchange have to be endorsed?
16. Does the insurance document cover all the risks specified 
in the credit?
17. Has the insurance document been properly endorsed?
35

Notes for the Seller—2
•
Document Checklist Prior to Submission to the Bank
18. Are the documents being presented within the validity 
period?
19. Is the bill of lading "clean," without notations?
20. If the bill of lading has an "
on deck
" notation, does the 
credit allow for it?
21. If the bill of lading is a charter party bill, does the credit 
allow for it?
22. Is the notify address in the bill of lading correct?
23. Is the bill of lading endorsed?
24. Are corrections properly initialed by their originator?
36