CÂU 50. WHAT DOES PROMPT PAYMENT OF LETTET OF CREDIT DEPEND ON

12. What happens first when a bank refuses to pay under a letter of credit?

A. The bank will cite a “discrepancy”, some aspect of the documentation that

is not in line with with the terms of credit

B. A check – list of commonly cited discrepancies will be used by banks

C. The exporter will have to re-submit their shipping documents

D. The exporter must contact the buyer asking the buyer to instruct the issuing

bank to extend the date of credit