DamaiInternational Trade

Letters of credit

Paying by L/C?We read the fine print first.

We export from China against documentary letters of credit. Send us the draft before your bank issues it, and we check the terms against what we can actually ship and present.

Letters of credit

L/C terms, checkedbefore they becomeproblems.

Many discrepancies are written into a credit long before anyone ships: a latest shipment date the factory can’t meet, a document nobody can issue, a description that doesn’t match the invoice. Send us the draft before your bank issues it — we check it line by line against the production plan and the sailing schedule.

Send us a draft L/C
MT700 · Issue of a documentary creditSample
:40A:
Form of creditIRREVOCABLE
:40E:
Applicable rulesUCP LATEST VERSION
:31D:
Expiry261228 CHINA
:59:
Beneficiary[OUR REGISTERED NAME, AS ON THE PROFORMA INVOICE] HAIKOU, CHINA11Copy our registered name from the proforma invoice, letter for letter — no needless discrepancy.
:32B:
AmountUSD 128,400.00
:44E:
Port of loadingANY PORT IN CHINA22Agreed with the forwarder before you issue.
:44C:
Latest shipment26113033Checked against the production plan and sailing schedule.
:45A:
GoodsGLAZED CERAMIC TILES 600X600MM, 4,800 SQM, CIF ROTTERDAM44The same words as our invoice, letter for letter.
:46A:
Documents requiredINVOICE · PACKING LIST · FULL SET CLEAN ON BOARD B/L · CERTIFICATE OF ORIGIN55Every document listed is one we can actually obtain.
:47A:
Additional conditionsSHIPPING MARKS AS PER PROFORMA INVOICE
:48:
Presentation period21 DAYS66Enough time for the documents to reach the bank.

Illustrative sample. Field tags follow SWIFT MT700.

What we check in your draft

  1. 01

    Dates

    Latest shipment date, expiry and presentation period, against the production plan and sailing schedule.

  2. 02

    Ports & shipment

    Port of loading and discharge, partial shipments and transhipment.

  3. 03

    Goods description

    The wording in field 45A, matched to our proforma invoice.

  4. 04

    Documents required

    Every document in field 46A — and whether we can actually obtain it.

  5. 05

    Additional conditions

    Clauses in field 47A that would be hard to comply with.

  6. 06

    Names & amounts

    Beneficiary name and address, currency, amount and tolerance.

Questions buyers ask

Which letters of credit do you accept?

Irrevocable documentary credits under UCP 600. Send us the draft before issuance and we will review it.

What documents do you usually present?

Commercial invoice, packing list and bill of lading, plus certificates such as origin or inspection when your credit requires them — the set always follows field 46A.

Can you work with trade finance or bank guarantees?

We coordinate with banks on trade finance and guarantees — tell us what your bank needs.

Do you also accept T/T?

Yes. T/T is common for smaller and repeat orders; PayPal works for samples.

Send us your specification.

A product, a quantity and a destination port are enough to start. We usually reply within 24 hours on working days.

Request a quote