Best Trade Solution

What are the minimum checking points in the documents under URC 522? Is bill of Exchange mandatory in such type of documents-Specially in the DA document?

Hi Pal,

minimum checking: number of documents and remittance letter list, bill of lading endorsement, insurance endorsement ...,
Bill of exchange necessary in DA, but it is possible to have an undertaking of drawee.
Other comments appreciated
Ciao

Thanks Picant for your quick reply. I need a little bit clarification about the below scenerio:
We received a collection document where Trade term mentioned as CIF in the invoice but present no insurance document. Photocopy of B/L is submitted I/O original. Three separate Invoice presented but B/L presents only two. One B/L missing. Now, my question is-Can we proceed with this document ?

Hi Pal,

ask the remitting bank about the complete documentation.
In the meantime you may contact buyer, your customers I think!, and good luck
Ciao