Approval Documents Sent On

Approval Documents Sent On refers to a process where documents under a letter of credit are sent to the issuing bank for examination and approval. The negotiating bank does not certify these documents.

Issuing banks include institutions like JPMorgan Chase, Bank of America, and HSBC. Documents typically include invoices, bills of lading, and insurance certificates. The issuing bank verifies these documents against the letter of credit terms.

This process ensures compliance with the letter of credit conditions. It reduces the risk of discrepancies and potential disputes. The issuing bank’s approval is crucial for the transaction’s completion.