26. 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 the terms of the credit
B. a check-list of commonly cited discrepancies may 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
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