Commercial Invoice
Seller-issued billing document. Check seller/buyer names, goods, amount, currency and LC-specific declarations.
Common issue: description or amount inconsistent with credit.Practical lab · Documentary trade
Trade Documents Laboratory
Learn what common trade documents do, who usually issues them and where documentary risk appears.
Bill of Lading
Ocean transport document with receipt, contract-of-carriage and sometimes document-of-title functions. Check shipment date, ports, consignee/order, originals and freight notation.
Common issue: late shipment or wrong consignee.Air Waybill
Air transport document. Unlike an ocean negotiable bill of lading, it generally is not a document of title.
Common issue: wrong airport, consignee or flight/shipment data.Certificate of Origin
Evidence of stated origin issued/certified according to the credit or trade requirement.
Common issue: wrong issuing body or origin statement.Insurance Document
Evidence of cargo insurance where required. Check coverage amount, risks, date, currency and claims details.
Common issue: insufficient coverage or late insurance date.Inspection Certificate
Evidence of inspection by the party named in the credit. Applicant-controlled certificates can create practical draw risk.
Common issue: impossible or ambiguous issuer requirement.Packing List
Details packages, weights, marks and quantities. It should not conflict with invoice/transport data.
Common issue: inconsistent quantity or package count.Warehouse Receipt
Evidence that goods are stored. Legal title/security value depends heavily on jurisdiction, issuer and document form.
Common issue: assuming every warehouse receipt is negotiable collateral.Documents lab check0 / 2 answered · 0 correct
Check 1
The LC requires an inspection certificate “issued by applicant.” What should the beneficiary consider before shipment?
Check 2
Is an air waybill normally the same kind of document of title as a negotiable ocean bill of lading?