Answered

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Put the following in the correct order:

123456789101112 Advising bank sends LC to seller
123456789101112 Seller's bank send documents to buyers bank
123456789101112 Seller sends the documents to his/her bank
123456789101112 Applicant applies for LC
123456789101112 Seller carefully reads the LC to ensure it accurately describes their agreement
123456789101112 Seller's bank remits money to seller
123456789101112 Seller prepares and ships goods
123456789101112 Buyer's bank remits payment to advising bank
123456789101112 Seller gathers all the necessary documents and checks that all the required documents are complete
123456789101112 Negotiate the deal
123456789101112 Buyer pays his/her bank, receives the documents and claims the cargo
123456789101112 Buyer's bank forwards LC to sellers (advising) bank

Sagot :

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