November 21, 2009

The Beneficiary's Certificate is a statement by the beneficiary certifying something is true, or was accomplished, i.e. documents were forwarded or the goods met a certain specification. It is often a required document for letter of credit negotiation.
Definition of Beneficiary's Certificate
A statement in writing that the Beneficiary has performed or testifying to something being accomplished.
Purpose of Beneficiary's Certificate
Written documentation that something has been performed or testifying to something having been accomplished. It is made part of the required documentation of a Letter of Credit for negotiation and payment.
Process for a Beneficiary Certificate
The Beneficiary Certificate is prepared by the seller.
The Beneficiary Certificate is included in the negotiable document set.
Fields for a Beneficiary's Certificate
Not applicable, plain text.
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