Establish payment guarantee

Activities and Associated Documentary Requirements: 1. Request the payment to importer considered as the starting of payment transaction; 2. Acknowledged of payment request by the importer and prepared all documents that relevant for applying of letter of credit application; 3. The importer applied for letter of credit; 4. The importer's bank consulted exporter’s bank about the transaction; 5. At the meanwhile the exporter's bank also consulted importer’s bank about such transactions; 6. The importer's bank reviewed submitted document which provided by the importers; 7. If all the required documents meet the need, the importer's bank issued letter of credit to the importer; 8. The letter of credit were sent the exporter's bank; and then, establish authenticity for transaction; 9. The exporter's bank notified of authenticity of payment transaction to the exporter; 10. The exporter determined if L/C is acceptable base on the commercial invoice and agreed trade terms between importer and exporter; 11. Confirmed of L/C accepted, if all terms and conditions met to what had agreed and informed the importer about accept of the letter of credit; 12. The importer acknowledged of letter of credit accepted; Documents: -Receipt of exported goods