question archive Put the following steps for the issuance of a letter of credit in the correct order: The issuing bank forwards the letter of credit to the advising bank

Put the following steps for the issuance of a letter of credit in the correct order: The issuing bank forwards the letter of credit to the advising bank

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Put the following steps for the issuance of a letter of credit in the correct order:

  1. The issuing bank forwards the letter of credit to the advising bank.
  2. The advising bank advises the exporter of the received letter of credit.
  3. The importer instructs its bank to issue a letter of credit in favour of the exporter with pre-negotiated terms.
  4. The exporter and importer sign a contract with the requirement to issue a letter of credit.

A IV, III, I, II

B II, I, III, IV

C II, III, I, IV

D I, II, III, IV

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