46. 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 line with the term of the credit
B. A check –list of commonly cited discrepancies will be used by banks
C. The exporter will have to re-submit their shipping document
D. The exporter must contract the buyer asking the buyer to instruct the issuing banj
to extend the date of the credit
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