Hello, Sir. How can we help you today?
I need to find out some more information for L / C. I would like an outline of responsibilities, both ours, yours and the beneficiary, please.
OK, to start, the conditions are specified by the buyer and may include Insurance Forms, Way Bills, Bills of Lading, Customs forms, various certificates.
OK, got it. Is there anything else I need to know before we go ahead?
Just that in effect, a basic Letter of Credit is a financial contract between the bank, the bank's customer, and the beneficiary, and this contract involves the transfer of goods or services against funds.
That sounds fine, thanks for that. Let's go ahead!