Current location - Loan Platform Complete Network - Foreign exchange account opening - The contents of bank review under the letter of credit include
The contents of bank review under the letter of credit include
The contents of bank review under the letter of credit include:

1. Whether the documents and bills are consistent.

2. Whether the port of shipment, the port of destination and the date of shipment on the documents are in conformity with the provisions of the letter of credit.

3. Whether the specifications, quality and quantity of the goods on the documents are in conformity with the provisions of the letter of credit.

4. Whether the payment method, date and freight are consistent with the letter of credit.

5. Whether the types and copies of documents stipulated in the letter of credit are complete.

Letter of credit refers to the written certificate issued by the bank to the exporter (seller) at the request of the importer (buyer) to guarantee payment for the goods.

In the letter of credit, the bank authorizes the exporter to draw a draft drawn on the bank or its designated bank, attach the shipping documents as required, and pick up the goods at the designated place on schedule under the conditions stipulated in the letter of credit.