Thursday 18 August 2011

Presentation of the documents

When presenting documents to any bank, it is recommend to add following minimum information in the cover letter.

1. Who you are : A Letter Head of the Company

2. What you are presenting - include in this the listing of documents presented, the letter of credit number, issuing bank, any other bank reference number you may have and the amount of your presentation.

3. Whom to contact in case of discrepancies or other needs.

4. How you are to be paid. (i.e. credit your account). You may also want to request negotiation or discount at this point.

5. Any instructions you want the bank to follow. (i.e. please let us know when documents are sent to issuing bank).

Taken fomr :LC Forum