Checklist for Document (Received under L/C) Scrutiny

  • General-check whether all documents in full sets as per L/C terms have been received
  • Documents had been presented before the expiry date
  • All the documents are dated subsequent to the date of issue of the L/C
  • Cancellation/overwriting in all documents are authenticated
  • Bills of Exchange-check whether Drawn on the person indicated in the L/C and duly signed up by the beneficiary of the credit , Drawing is within L/C amount and in the same currency as per the L/C , The amounts in words and figures are the same and identical with the amount stated in the invoice Superscription, regarding drawing under L/C has been made and the Bill must have been issued stamped.