Bill, I have some problems.
I wonder if you can do me a favor.
Yes, what's the matter?
You know I'm new in the company.
And I'm unsure how to collect payment from Laurent White.
We've already effected shipment.
Generally speaking, you should start with documentation.
The bank which holds the Letter of Credit usually asks for some documents.
Therefore, you should prepare them accordingly. The bank which holds the Letter of Credit usually asks for some documents.
Therefore, you should prepare them accordingly.
What documents do they require?
They usually need to see
the Draft, Invoice, Packing List, Bill of Lading, Certificate of Origin, Insurance Policy and Beneficiary's Certificate.
Does it mean we need to prepare and send the documents to the bank ahead of time?
Yes. The earlier you prepare the documents,
the more time you will have to get things right.
And then?
Then, the bank will examine the documents.
If there's no problem, they will settle the account right away.
It's getting clearer now. Thank you.
You're welcome!