Applied to letters of credit. A revocable letter of credit is one which can be altered or canceled by the buyer after he has opened it through his bank. See "Irrevocable."
Shipping Documents
Commercial invoices, bills of lading, insurance certificates, consular invoices, and related documents.
Ship\'s Manifest
A true list in writing of the individual shipments comprising the cargo of a vessel, signed by the captain.
Sight Draft (S/D)
A draft so drawn as to be payable upon presentation to the drawee or at a fixed or determinable date thereafter. See "Documents Against Acceptance," "Documents Against Payment."
