1 / In the business open L / C, the issuing bank if not carefully check the application to open L / C will lead to the acceptance of all the terms contained risks for banks in the future.
2 / When you get the documents presented, if the issuing bank to pay or accept payment term bills without properly checking the documents, so the documents with errors, the importer did not accept, the bank can not claim money importer.
3 / In the case before the documents, the bank issued or required to accept payments to the beneficiaries but not yet seen the documents. Without the prior approval of the import of the repayment, the issuing bank will be at risk if the documents contain errors, while importers do not accept and refund the bank will not get money from the importer.
4 / Issuing Bank to make payments to beneficiaries under the provisions of the L / C even in case the importer takes solvency or bankruptcy due to business losses.
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