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  • Basic Chart

    Uploaded by

    Mohammad Arifur Rahman
    14 views1 page
    The document outlines the process of a documentary letter of credit. It shows the flow of documents from the applicant country to the beneficiary country, including the applicant submitting a credit application to the issuing bank, the issuing bank issuing and advising the credit, documents being presented for reimbursement to the nominated bank, and finally the confirming bank honouring or negotiating the documents upon reimbursement from the issuing bank.

    Original Description:

    Basic trade chart

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    The document outlines the process of a documentary letter of credit. It shows the flow of documents from the applicant country to the beneficiary country, including the applicant submitting a credit application to the issuing bank, the issuing bank issuing and advising the credit, documents being presented for reimbursement to the nominated bank, and finally the confirming bank honouring or negotiating the documents upon reimbursement from the issuing bank.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    14 views1 page

    Basic Chart

    Uploaded by

    Mohammad Arifur Rahman
    The document outlines the process of a documentary letter of credit. It shows the flow of documents from the applicant country to the beneficiary country, including the applicant submitting a credit application to the issuing bank, the issuing bank issuing and advising the credit, documents being presented for reimbursement to the nominated bank, and finally the confirming bank honouring or negotiating the documents upon reimbursement from the issuing bank.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    of 1

    Applicant Country

    Goods Release Port


    Shipment

    Applicant Sales Contract


    Beneficiary
    Handover Documents

    Credit Application

    Settlement

    Honour/Negotiate

    Honour/Negotiate
    Advice the Credit
    Credit Issue

    Doc. Pres

    Doc. Pres

    Doc. Pres
    Honour

    Issuing Credit Issue


    Advising Bank

    Bank Doc Forwarded with Reimbursement Claim Nominated Bank


    Reimbursement
    Doc. Pres
    Confirming Bank

    Reimburse
    Reimbursement

    Doc Forwarded with Reimbursement Claim

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