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9 Cards in this Set
- Front
- Back
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4.4 Beneficiary(seller)
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and asks for any necessary amendments to be made.
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5.1 Beneficiary
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Once the seller is satisfied with the conditions of the letter of credit,
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5.2 Beneficiary
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he or she ships the goods
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5.3 Beneficiary
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and presents the documents to his or her bankers (advising bank).
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6.1 Advising Bank
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The advising bank examines the documents
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6.2 Advising Bank
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against the details on the letter of credit
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6.3 Advising Bank
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and the International Chamber of Commerce rules.
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6.4 Advising Bank
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If they are in order, the bank will send them
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6.5 Advising Bank
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to the issuing bank for payment or acceptance.
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