Once you have received the L/C, your task is to check its contents thoroughly. This is an extremely important task. Documentray credits normally contain certain mandatory information – click here to read more. Banks will only approve payment on presentation of documents that show that you have complied exactly with the requirements of the L/C. If you deviate in any way – even a misspelling of a name or the removal of a comma – may result in rejection of the documentation and end in non-payment of the L/C. Therefore you need to ensure that you can comply with the requirements of the L/C.