Informations

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Mandatory informations

What elements must imperatively be included in the opening of a documentary credit?

Names and addresses :

  • Of the applicant

  • Of the beneficiary

  • Of advising bank

  • If need be, of the confirming bank

  • As well as :

  • Amount of the credit

  • Description of the goods

  • List of documents

  • Terms and conditions of sale

  • Validity
Mandatory informations
 

General information

What is the main information needed to open a documentary credit ?

  • Credit references
  • Form of credit
  • Amount
  • Validity
  • Beneficiary
  • Applicant

  • Description of goods
  • List of documents to be provided
  • Shipping deadline
  • Submission deadline
  • Terms and conditions of sale (Incoterms)
  • Forms of payment (on demand / within x days /
    upon acceptance / deferred / to be negotiated)

  • Partial shipments
  • Transhipment
  • Bank commitment (confirmed or not)
  • Advising bank (intermediary bank)
  • Fees
  • Bank-related instructions (terms of reimbursement, document submission)