International Chamber

Most interestingly, when together with other documents you come already "established" form, which must be completed and sent via swift (the system of electronic communication to move assets and funds between banks). Ostensibly, this form of consecrated all "existing Western business traditions "with the blessing of the International Chamber of Commerce. If someone sends you a document, it is a direct indication of the fact that these traders – crooks. Form, which must be filled for the opening letter of credit provides you with your bank to agree that understands these issues better than traders, the more that such documents are usually stipulated by special legal regulations. Often fraudsters require that the credit has been confirmed "Top 50" or "Top 100" World Bank or the Ace of world banks.

icc speaks clearly about this: "Article 20. Ambiguity in the definition of the issuers of documents. Such terms as "first class", "well known", "compliant", "independent", the "official", "competent", "local" and the like, should not be used to describe organizations and individuals issuing any documents provided by the letter of credit. If such terms are included in the terms of the credit, banks will accept the relevant documents in the form in which they are presented, provided that they are on the outside be in accordance with other provisions of the credit and were drawn by the beneficiary. " icc Publication number 500. Uniform Customs and Practice for Documentary Credits. Explanation of schemes of fraud using transferable. In this case, everything is simple and unpretentious.