1 催开信用证.pptVIP

Step 1: A buyer and a seller enter into a sales contract providing payment by a documentary credit Step 2: The buyer instructs the issuing bank to issue a documentary credit in favor of the seller Step 3: The issuing bank opens a documentary credit according to the instructions of the applicant Step 4: The issuing bank asks another bank, usually in the country of the seller, to advise and perhaps also to add its confirmation to the documentary credit Step 5：The seller examines the documentary credit, and requires an amendment of the credit if necessary. PROCEDURES OF L/C Step 6: The seller ex