when the exporter receives the Documentary credit details from his bank he checks them very carefully.
These details tell him which documents he must prepare before he can be paid.
Finlays, London sends Documentary Credit to Yotsuboshi, Tokyo
Yotsuboshi receives Documentary Credit and sends details to Shonanhe expo
The next stage is for the exporter to prepare the documents which are named in the Documentary Credit, For exa
Bill of Lading (shipping document)
commercial Invoice
certificate of Insurance
and then to dispatch the goods. The Bill of Lading is signed by the ship's cptain to confirm that the goods are on board ship.
After this, the export