(1) The exporter delivers the goods according to the contract, which establishes a set of required documents and sends to the importer to receive the goods(2) The importer receives the goods, checks the goods and the documents, if they comply with all the terms in the contract then he will make an order of transfer to his bank (the remitting bank)(3) The remitting bank debits the account of the importer to transfer to the paying bank via fax, telex or SWIFT
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