{"id":9834,"date":"2025-08-15T13:30:42","date_gmt":"2025-08-15T11:30:42","guid":{"rendered":"https:\/\/kimsindberg.dk\/the-cheaters-handbook-to-documentary-credits\/"},"modified":"2025-08-18T11:06:40","modified_gmt":"2025-08-18T09:06:40","slug":"the-cheaters-handbook-to-documentary-credits","status":"publish","type":"page","link":"https:\/\/kimsindberg.dk\/en\/the-cheaters-handbook-to-documentary-credits\/","title":{"rendered":"The Cheaters Handbook to Documentary Credits"},"content":{"rendered":"\t\t
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Kim Sindberg: The Cheaters Handbook to Documentary Credits (2014)<\/h2>\n

This is the ultimate documentary credit handbook for the person that want an easy and safe way to a successful documentary credit transaction without having to study rules, practices and opinions from many different sources.<\/p>\n

The book includes a straightforward documentary credit crash course \u2013 as well as specific advice to the exporter, importer and transport company \u2013 walking through each phase of the documentary credit from the perspective of these 3 key players.<\/p>\n

A total of 87 specific and practical pieces of advice are collected.<\/p>\n

The book is also valuable for the documentary credit bank that is advising their customers on how to handle their documentary credits.<\/p>\n

124 pages<\/p>\n

ISBN: 978-87-7145-755-1<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Kim Sindberg: The Cheaters Handbook to Documentary Credits (2014)<\/h3>\n

Table of Contents:<\/strong><\/p>\n

1 Introduction<\/p>\n

2 Documentary credit crash course<\/p>\n

2.1 Documentary credit definition<\/p>\n

2.2 Documentary credit functions<\/p>\n

2.3 The independence principle<\/p>\n

2.4 The parties to the documentary credit transaction<\/p>\n

2.5 Standard for examination of documents<\/p>\n

2.6 The Documentary credit lines<\/p>\n

2.6.1 Graphic overview of the documentary credit lines<\/p>\n

2.6.2 Line 1 \u2013 The agreement between importer and exporter<\/p>\n

2.6.3 Line 2 \u2013 The parties<\/p>\n

2.6.4 Line 3 \u2013 Issuing the documentary credit<\/p>\n

2.6.5 Line 4 \u2013 Presenting the documents and paying<\/p>\n

3 Exporter perspective<\/p>\n

3.1 Accept the premise<\/p>\n

3.2 Identify the risk<\/p>\n

3.3 Dictate\/stipulate the requirements to the documentary credit<\/p>\n

3.3.1 The time of payment<\/p>\n

3.3.2 Date and place of expiry of the documentary credit<\/p>\n

3.3.3 Latest date for shipment and presentation of documents<\/p>\n

3.3.4 Beneficiary \u2013 name and address<\/p>\n

3.3.5 Applicant \u2013 name and address<\/p>\n

3.3.6 Type of documentary credit<\/p>\n

3.3.7 Currency, amount and quantity<\/p>\n

3.3.8 Shipment details<\/p>\n

3.3.9 Goods description<\/p>\n

3.3.10 Required documents<\/p>\n

3.3.11 Other requirements<\/p>\n

3.4 Check the documentary credit<\/p>\n

3.5 Make correct documents<\/p>\n

3.6 Present to the correct bank<\/p>\n

3.7 Trouble shooting<\/p>\n

3.7.1 Evaluate the discrepancy\/refusal message<\/p>\n

3.7.2 Correct the document(s)<\/p>\n

3.7.3 Obtain issuing banks pre-approval<\/p>\n

3.7.4 Documents are forwarded for approval<\/p>\n

3.7.5 Payment is obtained \u201cunder reserve\u201d<\/p>\n

4 Importer perspective<\/p>\n

4.1 Accept the premise<\/p>\n

4.2 Dictate\/stipulate the requirements to the documentary credit<\/p>\n

4.2.1 The time of payment<\/p>\n

4.2.2 Date and place of expiry of the documentary credit<\/p>\n

4.2.3 Latest date for shipment and presentation of documents<\/p>\n

4.2.4 Beneficiary \u2013 name and address<\/p>\n

4.2.5 Applicant \u2013 name and address<\/p>\n

4.2.6 Type of documentary credit<\/p>\n

4.2.7 Currency, amount and quantity<\/p>\n

4.2.8 Shipment details<\/p>\n

4.2.9 Goods description<\/p>\n

4.2.10 Required documents<\/p>\n

4.2.11 Other requirement<\/p>\n

4.3 Check the documentary credit<\/p>\n

4.4 Check the documents received<\/p>\n

4.4.1 The documents comply<\/p>\n

4.4.2 The documents do not comply<\/p>\n

5 Transport company perspective<\/p>\n

5.1 Accept the premise<\/p>\n

5.2 Be ahead<\/p>\n

5.3 Issue correct transport documents<\/p>\n

Appendix 1: documentary credit sample with documents<\/p>\n

Documentary Credit:<\/p>\n

Invoice<\/p>\n

Packing list<\/p>\n

Certificate of Origin<\/p>\n

Weight List<\/p>\n

Certificate of Quantity<\/p>\n

Certificate of Quality<\/p>\n

Bill of lading<\/p>\n

Insurance Certificate<\/p>\n

Draft\/Bill of Exchange<\/p>\n

Appendix 2: Documentary credit cheat advice \u2013 exporter perspective<\/p>\n

Appendix 3: Documentary credit cheat advice \u2013 importer perspective<\/p>\n

Appendix 4: Documentary credit cheat advice \u2013 transport company perspective<\/p>\n

Appendix 5: SWIFT Transportation fields<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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