信用证流程图.ppt

ProceduresL/C applicant/ImporterBeneficiary/ExporterPaying BankNegotiating BankOpening BankAdvising BankConfirming Bank1 The importer and exporter stipulate the payment by a documentary credit.2 The importer fill up the application and instructs the opening bank to open a documentary credit.3 The opening bank issues the L/C and sends it to the advising bank.4 The advising bank informs the seller of the establishment of the L/C.5 The seller check the L/C if there are any discrepancies and he will make cargo ready and shipment of goods.6 The negotiating bank will send the documents to the paying bank.7 The paying bank will present the documents to the importer and ask for payment or acceptance.8