DOCUMENTS REQUIRED:
PAYMENT FOR 100% OF CIF SHIPMENT VALUE WILL BE PAID AGAINST BENEFICIARY’S DRAFT AT SIGHT ACCOMPANIED BY THE FOLLOWING DOCUMENTS WHICH SHOULD BE PRESENTED WITHIN 21 DAYS AFTER B/L DATE:
1) SIGNED COMMERCIAL INVOICE IN 3 ORIGINALS BASED ON CERTIFICATE OF QUALITY AND CERTIFICATE OF WEIGHT ISSUED BY CCIC PHILIPPINES INDICATING VALUE OF COMMODITY SHIPPED, NAME OF CARRYING VESSEL, CONTRACT NUMBER, L/C NO. AND B/L NO.AND DATE, 100 PCT OF CIF SHIPMENT VALUE
2) FULL SET(3/3) OF ‘CLEAN ON BOARD’ OCEAN BILL OF LADING MADE OUT TO ORDER, BLANK ENDORSED, MARKED ‘FREIGHT PAYABLE AS PER CHARTER PARTY’ NOTIFYING APPLICANT OR TO ORDER
3) CERTIFICATE OF QUALITY IN 1 ORIGINAL AND 2 COPIES ISSUED BY CCIC PHILIPPINES
4). CERTIFICATE OF WEIGHT IN 1 ORIGINAL AND 2 COPIES ISSUED BY CCIC PHILIPPINES
5). CERTIFICATE OF ORIGIN IN 1 ORIGINAL AND 2 COPIES ISSUED BY MANUFACTURER OR GOVERNMENT OR BENEFICIARY.
6.) FULL SET OF INSURANCE POLICY/CERTIFICATE FOR 110% OF THE INVOICE VALUE, SHOWING CLAIMS PAYABLE IN CHINA, IN CURRENCY OF THE DRAFT, BLANK ENDORSED, COVERING ALL RISKS AND WAR RISKS.