How to Apply for a Letter of Credit The importer's bank credit must satisfy the exporter and their bank. Using the sales agreement's terms and conditions, the importer's bank drafts the letter of credit; this letter is sent to the exporter's bank. The exporter ships the goods as the letter of credit describes.
While the content of the letter will change depending on your situation, there are a few important aspects to include: Provide all details the best you can, including correct dates and dollar amounts. Explain how and when all situations were resolved. Detail why problems won't happen again.
What Are the Documents Required for Letter of Credit? Commercial Invoice. The commercial invoice is a type of legal document used in international trade. Inspection Certificate. Bill of Exchange. Bill of Lading or Shipping Documents. Insurance Certificate. Certificate of Origin. Packing Lists.