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9 Cards in this Set

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