Letter of Credit (LC) Checklist Tool – UCP 600 Compliant Document Checklist

The Letter of Credit Checklist Tool is a practical, field-level companion for trade finance professionals in India and worldwide. Working through your LC against the UCP 600 rules and the ISBP 745 examination practice, it walks you across every document and condition you need to check before you present documents to the bank.

Select your LC type and shipment terms to generate a tailored checklist covering the required documents (commercial invoice, Bill of Lading, packing list, certificate of origin, insurance, inspection certificates and more), the key data fields to verify on each, the common discrepancies that lead to rejection, your presentation and expiry deadlines, and a realistic breakdown of the bank charges you can expect. Built for exporters, importers, freight forwarders and trade finance teams, it helps you present clean documents and get paid without avoidable discrepancies.

• LC type selector: Choose from irrevocable, confirmed, transferable, back-to-back, revolving, standby and red/green clause LCs to see type-specific requirements.
• Document-by-document checklist: Every standard LC document with the specific fields and data points to verify on each.
• UCP 600 & ISBP 745 references: Each checklist item is mapped to the governing rule article or practice section.
• Discrepancy finder: Browse and tick the most common discrepancies that cause rejection, grouped by document type.
• Timeline calculator: Work out your presentation deadline (default 21 days after shipment per UCP 600 Art. 14) against your expiry date.
• Bank charges estimator: Estimate opening, advising, confirmation, negotiation, amendment and discrepancy charges.
• Clean presentation score: A live readiness score shows whether your documents are likely to be accepted first time.
• Free and private: Everything runs locally in your browser — no upload, no storage, no sign-up.

1. Open the Checklist tab and select your LC type and whether you are the exporter (beneficiary) or importer (applicant).
2. Work through the document list, marking each required document as ready and confirming every field shown for it.
3. Open the Discrepancy Finder and tick any issue that could be present — it flags major (rejectable) vs minor (curable) problems.
4. Use the Timeline tab to enter your shipment date and expiry date and confirm you can present within the deadline.
5. Review the Bank Charges tab to budget for fees, then check the Guide for LC types and UCP 600 background.

Example 1 (Exporter, clean first presentation): An exporter in Mumbai receives an irrevocable LC for a container of garments. Using the tool they verify the invoice description matches the packing list and Bill of Lading, confirm marks and numbers agree, check the documents are dated within the presentation window (shipment on 10 June, expiry 30 June, presented on 18 June — inside 21 days), and get a 100% readiness score with no major discrepancies. Their documents are accepted at first presentation.

Example 2 (Importer, spotting a rejection risk): A Delhi importer reviews the checklist and the discrepancy finder and finds the Airway Bill in the received presentation does not show the goods described in the invoice, and that the insurance certificate covers less than the invoice amount plus 10% required by the LC. The tool flags both as major discrepancies, letting the importer reject the documents before payment.

Example 3 (Budgeting charges): A small exporter compares the Bank Charges tab for a confirmed LC and sees the confirmation charge is the largest line item; they negotiate with the importer to shift that charge before shipment, avoiding a surprise deduction at settlement.

• Get paid first time: Clean presentations avoid the delays and charges of rejections and re-submissions.
• Know the rules: Every check is grounded in UCP 600 and ISBP 745, the industry standards banks apply.
• Catch discrepancies early: The discrepancy finder helps you fix issues before documents reach the bank.
• Plan your deadlines: The timeline tool stops missed expiry and presentation windows.
• Budget your bank costs: The charges estimator removes surprise fee deductions at settlement.
• 100% free and private: No sign-up, no upload, everything runs locally in your browser.