1 in the credit business, the issuing bank is the first payer, exporter (usually the letter of credit beneficiary) present their letter of credit vouchers directly to the issuing bank withdrawals, without first find out where the importer (openers) 2 credits certificate is a self-contained document, independent of the lease contract for the sale outside the 3 contract between the import and export, import and export binding upon the parties only 4 letters of credit issuing bank and the applicant is a contract between the issuing line, the applicant, beneficiary, and the other banks involved in credit operations are subject to the constraints, but the banks are has nothing to do with the contract for the sale 5 business deal with documents and letters of credit. Only on the surface, consistent with bank letter of credit against the terms of the documents, negotiation and payment. But such are subject to very strict, this is the so-called "strict compliance with the principle." It requires not only "consensus document", also requires consistency between the documents, that "just the same"
1in the credit business, the issuing bank is the first payer, exporter (usually the letter of credit beneficiary) present their letter of credit vouchers directly to the issuing bank withdrawals, without first find out where the importer (openers)
2 credits certificate is a self-contained document, independent of the lease contract for the sale outside the
3 contract between the import and export, import and export binding upon the parties only 4 letters of credit issuing bank and the applicant is a contract between the issuing line, the applicant, beneficiary, and the other banks involved in credit operations are subject to the constraints, but the banks are has nothing to do with the contract for the sale 5 business deal with documents and letters of credit. Only on the surface, consistent with bank letter of credit against the terms of the documents, negotiation and payment. But such are subject to very strict, this is the so-called "strict compliance with the principle." It requires not only "consensus document", also requires consistency between the documents, that "just the same"