CASCADE PANEL IMPORTS LLC → EQUATORIAL PANEL INDUSTRIES S.A.
LC lifecycle
Where this credit stands, from the dates on it and what has been recorded since.
LC lifecycle
Where this credit stands, from the dates on it and what has been recorded since.
Run the presentation check and record the shipment, or accept an amendment on the Terms tab, and this card moves with it.
Issuing bank
Bank identity taken verbatim from the credit, with agency ratings only where explicitly recorded.
Veridraft Bank Risk: Unrated
Issuing bank
Bank identity taken verbatim from the credit, with agency ratings only where explicitly recorded.
This issuing bank has not yet been matched against the legal entity registry.
| Agency | Type | Grade | Outlook | Band | As of | Provenance |
|---|
Veridraft Bank Risk summarizes current long-term issuer ratings and is not a guarantee of payment.
Based on the weakest eligible long-term issuer rating. Only long-term issuer ratings determine the tier; other rating types are shown but excluded. Freshness is measured against 2026-10-11 UTC using the agency rating date. Ratings are never scraped or estimated, and missing agency data is never treated as negative.
Material risks
4Commercial, financial, sanctions, transport, insurance, payment and deadline exposure.
Material risks
4Commercial, financial, sanctions, transport, insurance, payment and deadline exposure.
- MMediumBank charges are for the beneficiary's account
The credit places banking charges — including charges outside the issuing bank's country — on the beneficiary.
Commercial impactAdvising, negotiation, amendment and reimbursement charges are deducted from the proceeds, reducing the amount received.Recommended actionEstimate the total bank charges and confirm they are covered by the contract price. - MMediumCredit is not confirmed
Field 49 states the credit is available without confirmation, so no second bank guarantees payment.
Commercial impactThe beneficiary carries the issuing bank's credit risk and the country risk of the issuing bank's jurisdiction.Recommended actionAssess the issuing bank and country risk, and request confirmation or silent confirmation if the exposure is material. - MMediumDiscrepancy fee of USD 85.00 applies
A fee of USD 85.00 is deducted for each discrepant presentation under the credit.
Commercial impactEvery discrepancy, including trivial typing errors, reduces the net proceeds received by the beneficiary.Recommended actionCheck documents against the credit line by line before presentation to avoid the fee. - MMediumPresentation deadline pending actual shipment date
Presentation period is 21 days after shipment. The final deadline is the earlier of that date and the LC expiry date (2026-11-15).
Commercial impactUntil the actual shipment date is known the presentation window cannot be counted down, so late presentation risk is unmanaged.Recommended actionRecord the actual shipment date (on-board date) as soon as the transport document is issued to activate the countdown.
Compliance requirements
3Obligations you must satisfy to prepare and present compliant documents.
Compliance requirements
3Obligations you must satisfy to prepare and present compliant documents.
- All documents must be issued in English
Every document presented under the credit must be in the English language.
Instruct all issuers — including chambers of commerce and insurers — to issue in English only.
- Documents must quote the LC number
Each presented document must quote the letter-of-credit number (and, where stated, its issue date).
Add the LC number and issue date to every document template before it is issued.
- Bill of lading must meet strict presentation requirements
The bill of lading must be clean on board, full set, marked freight prepaid, made out to order, showing the named notify parties, an ocean bill of lading.
Send these requirements to the carrier or forwarder before issuance and check the draft bill of lading against them.
| Tag | Field | Content |
|---|---|---|
| 27 | Sequence of Total | 1/1 |
| 40A | Form of Documentary Credit | IRREVOCABLE |
| 20 | Documentary Credit Number | VDT260923001 |
| 31C | Date of Issue | 260923 |
| 40E | Applicable Rules | UCP LATEST VERSION |
| 31D | Date and Place of Expiry | 261115 LIBREVILLE, GABON |
| 50 | Applicant | Cascade Panel Imports LLC 9450 SW Nimbus Avenue, Suite 210, Beaverton, OR 97008, USA |
| 59 | Beneficiary | Equatorial Panel Industries S.A. Zone Economique Speciale de Nkok, BP 1024, Libreville, Gabon |
| 32B | Currency Code, Amount | USD 67,800.00 |
| 39A | Percentage Credit Amount Tolerance | 00/00 |
| 41D | Available With... By... | ANY BANK IN GABON BY NEGOTIATION |
| 42C | Drafts at... | SIGHT |
| 42A | Drawee | NWTBUS66 - NORTHWEST TRADE BANK N.A. |
| 43P | Partial Shipments | NOT ALLOWED |
| 43T | Transshipment | ALLOWED |
| 44E | Port of Loading / Airport of Departure | OWENDO, GABON |
| 44F | Port of Discharge / Airport of Destination | TACOMA, WA, USA |
| 44C | Latest Date of Shipment | 261031 |
2,240 SHEETS (560 BUNDLES), TOTAL 120.000 CBM, MELAMINE FACED PARTICLE BOARD, OKOUME CORE, WHITE MELAMINE BOTH FACES, 18 MM X 1220 MM X 2440 MM, DENSITY 650-700 KG/M3. HS CODE 4410.11. UNIT PRICE USD 565.00 PER CBM. TOTAL CFR VALUE USD 67,800.00. CFR TACOMA, WA, USA - INCOTERMS 2020. PURCHASE ORDER CPI-PO-260901.
- BENEFICIARY'S SIGNED COMMERCIAL INVOICE IN 1 ORIGINAL AND 2 COPIES, MADE OUT TO APPLICANT, QUOTING THIS CREDIT NUMBER, PURCHASE ORDER NUMBER, HS CODE, GOODS DESCRIPTION, QUANTITY IN SHEETS/BUNDLES/CBM, UNIT PRICE, TOTAL VALUE, AND CFR TACOMA, WA, USA - INCOTERMS 2020.
- PACKING LIST IN 1 ORIGINAL AND 2 COPIES SHOWING CREDIT NUMBER, INVOICE NUMBER, NUMBER OF SHEETS, BUNDLES, CBM, NET WEIGHT, GROSS WEIGHT, PANEL DIMENSIONS, AND CONTAINER AND SEAL NUMBERS.
- FULL SET 3/3 ORIGINAL CLEAN ON BOARD OCEAN BILLS OF LADING MADE OUT TO ORDER OF NORTHWEST TRADE BANK N.A., MARKED FREIGHT PREPAID, NOTIFY CASCADE PANEL IMPORTS LLC AT APPLICANT ADDRESS, SHOWING PORT OF LOADING OWENDO, GABON AND PORT OF DISCHARGE TACOMA, WA, USA. BILL OF LADING MUST QUOTE THIS CREDIT NUMBER AND INVOICE NUMBER.
- CERTIFICATE OF ORIGIN IN 1 ORIGINAL ISSUED OR CERTIFIED BY AN AUTHORIZED CHAMBER OF COMMERCE IN GABON, CERTIFYING GOODS ARE OF GABON ORIGIN AND QUOTING THIS CREDIT NUMBER AND INVOICE NUMBER.
- INDEPENDENT INSPECTION CERTIFICATE IN 1 ORIGINAL ISSUED BY EQUATOR INSPECTION SERVICES SARL CERTIFYING QUANTITY, PANEL DIMENSIONS, VISIBLE QUALITY, PACKING, CONTAINER NUMBERS, AND SEAL NUMBERS CONFORM TO THE COMMERCIAL INVOICE AND THIS CREDIT.
- BENEFICIARY'S CERTIFICATE IN 1 ORIGINAL CERTIFYING THAT ONE NON-NEGOTIABLE COPY EACH OF THE COMMERCIAL INVOICE, PACKING LIST, AND BILL OF LADING WAS EMAILED TO THE APPLICANT WITHIN 2 BANKING DAYS AFTER SHIPMENT.
- WOOD PACKAGING DECLARATION IN 1 ORIGINAL ISSUED BY BENEFICIARY CERTIFYING THAT ANY SOLID WOOD PACKAGING OR DUNNAGE USED IN THE SHIPMENT IS ISPM 15 COMPLIANT AND APPROPRIATELY MARKED.
- BENEFICIARY'S SIGHT DRAFT / BILL OF EXCHANGE IN 1 ORIGINAL DRAWN ON NORTHWEST TRADE BANK N.A. FOR 100 PERCENT OF THE INVOICE VALUE, QUOTING THIS CREDIT NUMBER AND INVOICE NUMBER.
- A. ALL DOCUMENTS MUST BE ISSUED IN ENGLISH.
- B. ALL DOCUMENTS EXCEPT THE BILL OF LADING MUST QUOTE DOCUMENTARY CREDIT NUMBER VDT260923001.
- C. BILL OF LADING, COMMERCIAL INVOICE, PACKING LIST, CERTIFICATE OF ORIGIN, AND INSPECTION CERTIFICATE MUST SHOW INVOICE NUMBER EPI-INV-2026-1047.
- D. THIRD-PARTY DOCUMENTS ARE ACCEPTABLE EXCEPT COMMERCIAL INVOICE, PACKING LIST, BENEFICIARY'S CERTIFICATE, AND WOOD PACKAGING DECLARATION, WHICH MUST BE ISSUED BY BENEFICIARY.
- E. DOCUMENTS DATED PRIOR TO THE DATE OF THIS CREDIT ARE NOT ACCEPTABLE.
- F. TRANSSHIPMENT IS ALLOWED. PARTIAL SHIPMENTS ARE NOT ALLOWED.
- G. MINOR TYPOGRAPHICAL ERRORS THAT DO NOT ALTER THE MEANING, QUANTITY, VALUE, DATES, PORTS, PARTY NAMES, OR GOODS IDENTITY ARE ACCEPTABLE.
- H. DISCREPANCY FEE: USD 85.00 FOR EACH PRESENTATION CONTAINING DISCREPANCIES, FOR BENEFICIARY'S ACCOUNT.