Process payment L / C typically involves the following steps: The two sides signed a trade agreement. BUYER procedures require banks to open L / C opening L / C to the beneficiary is the seller. Bank L / C opening L / C as requested by the buyer and transfer the L / C to the advising bank to advise the seller knew about the letter of credit has been opened. Advising Bank L / C notification and transfer the original L / C to the seller. Seller reviewed L / C against the contract proposal to amend, supplement, modify or accept delivery. Sellers set the payment documents after delivery and notification sent to the bank for payment. Advising bank transfer documents to the bank to open L / C. Bank L / C shall examine the documents. If documents matching L / C, making payments to the bank informed. If the documents do not match the L / C then refused payment and return the documents. Advising Bank L / C credited and reported to the seller. Bank L / C opening accounts and debit deduction for the buyer. Buyers consider accepting pay for the bank to open L / C. Bank L / C gave the documents to the buyer to receive the goods.
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