1) Is the Letter of Credit (L/C) irrevocable and issued subject to current International Chamber of Commerce (I.C.C.) rules?
2) Are you satisfied with the bank and country that issued the L/C or do you need it confirmed (guaranteed by a local bank)?
3) Does the expiry date allow sufficient time to present all the requested documentation to the bank indicated?
4) Is the name and address of your company and that of the buyer correct?
5) Is the amount of the credit as agreed? Has the correct tolerance (if any) been applied?
6) Are the payment/credit terms as agreed?
7) Are the goods, their value, unit prices, weight, quantity, quality described correctly?
8) Are all the transport details, such as place and date of shipment, the destination, method of carriage, Incoterm correct?
9) Does the Letter of Credit contain any spelling mistakes?
10) Is the L/C payable/negotiable in XXX Country at the counters of XXX bank?
11) Can the goods be shipped prior to the latest shipment date or in accordance with the shipping schedule outlined in the Letter of Credit?
12) Can the documents required be obtained and produced in the format required by the Letter of Credit?
13) Is transhipment allowed? Exporters from Ireland should always seek to have transhipment allowed.(land locked country)
14) Is partial shipment allowed, if necessary?
15) Can all the conditions outlined be met?
16) Who pays the various banks’ charges?
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