• Hello Customer - Log in or Register!
Date: 2016-08-12

Preparing an Engineer’s Certificate for an Export Letter of Credit

I received a call from a woman at a company who had a letter of credit in payment for a shipment to Taiwan. She had a question about the documentation requirements. I retrieved the file so I could answer her question.

She asked me to read the requirement for document number four as listed on the export letter of credit. I read it aloud to her, “Engineer’s Certificate.”

She asked, “Can you explain what an Engineer’s Certificate is?”

I asked her, “Don’t you know?”

She replied, “No.”

I said, “Neither do I!”

Then I suggested that she prepare a document properly entitled, “Engineer’s Certificate,” and explained to her that the Uniform Customs and Practice for Documentary Credit (UCP) states, “If a credit requires presentation of a document other than a transport document, insurance document or commercial invoice, without stipulating by whom the document is to be issued or its data content, banks will accept the document as presented if its content appears to fulfill the function of the required document and otherwise complies with sub-article 14 (d)” (Article 14 f).

Banks become very fussy about titles of documents. In this case, the document should properly carry the title, “Engineer’s Certificate,” and the data content should be consistent with that of the other documents.


Previous: "Internet of Things" Industry is Rapidly Expanding
Next: Interview with International Export Expert, Ed Marsh (Part 1)

Hot Products:
Product Model Inside Diameter Outside Diameter Thickness
KRX10×26×33-4/3AS NTN 10 26 13
KRX10×22×33-3/3AS NTN 10 22 13
【TradeBearings News Statement】

1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"TradeBearings".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.