Professional Documents
Culture Documents
The IB will then pass the documents to Buyer & collect payment
Provided the LOC conforms with what was agreed in the sale of contract; Seller
will then ship the goods.
The Seller may decide to ship the goods even where the terms of LOC do not
conform with the terms agreed in the sale of contract (this is considered as
waiver or variation)
On shipment, the Seller will obtain the transpot documents (ie - BOL & other
docs required under the LOC)
These documents will be presented to the CB
Bank will usually require a clean transport document (See Art 27)
It is also open to the parties to stipulate the notations or clauses that may be
accepted