WHAT IF A LETTER OF CREDIT CALLS FOR “A COMPLETE SET OF ORIGINAL A...

34. What if a letter of credit calls for “a complete set of original air waybills”?

A. The exporter has to present the full set of original air waybills if he want to get

payment from the bank

B. The exporter cannot provide the complete set

C. This is obviously a mistake

D. Only the second original of the air waybill goes to the consignee. The bank, however,

will follow the wording of the letter of credit exactly and refuse an “incomplete set”

waybills