Documentary Letters of Credit



Documentary Letters of Credit :




As one of North America’s largest financial institutions and a major international bank, Scotiabank is well-equipped to look after your importing and exporting needs.


This brochure will provide the exporter, importer and others engaged in international trade with a practical guide to documentary letters of credit.


Documentary credits, commercial letters of credit or just letters of credit, as they will be referred to in this page, play an integral part in facilitating international trade while providing a secure and reliable means of payment.


While this page deals mainly with documentary letters of credit, specialized information on other products and services is available in Canada directly from our Commercial Banking Centres and branches, and from our offices around the world.


This page should not be regarded as a text or operating manual nor an attempt to cover all possible situations.


This page is not intended to provide legal or other professional advice and readers should not act on information contained herein without seeking specific advice on the particular transactions with which they are concerned.


Within its limitations, it is hoped that this page will serve as a basic tool in understanding letters of credit.


Related Links :





Documentary Letters of Credit
Definition of Letters of Credit
Uses of Letter of Credit
Basic Types of Letters of Credit
Types of Letters of Credit
Red Clause Letter of Credit
Transferable Letter of Credit
Back-to-Back Letter of Credit
Deferred Payment Letter of Credit
Standby Letters of Credit
Benefits of A Letter of Credit
Uniform Customs and Practice for Documentary Credits
UCP
General Principles of UCP
Steps in An Import Letter of Credit Transaction
Steps in Import Letter of Credit Transaction
Documents Required Under A Letter of Credit
Draft for Letter of Credit
Commercial Invoice for Letter of Credit
Consular Invoice for Letter of Credit
Customs Invoice for Letter of Credit
Bill of Lading for Letter of Credit
Air Waybill for Letter of Credit
Insurance Policy for Letter of Credit
Insurance Certificate for Letter of Credit
Certificate of Origin for Letter of Credit
Inspection Certificate for Letter of Credit
Packing List for Letter of Credit
Steps in An Export Letter of Credit Transaction
Payment Procedure
Unconfirmed Sight Letter of Credit
Confirmed Sight Letter of Credit
Term Letter of Credit
Usance Letter of Credit
What to Do If Documents Are Dishonoured
Explanation of Trade Terms
Parties Involved in A Letter of Credit Transaction



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