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

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