题目内容
Banks pay only the amount specified in the letter of credit - even if higher charges for shipping, insurance, or other factors are incurred and documented.
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The L/C's terms must be precisely met with the terms of the exporter's pro forma quotation, or the letter of credit may be invalid and the exporter may not be paid.
If meeting the terms of the letter of credit is impossible or if any of the information is incorrect or even misspelled, the exporter should contact the customer immediately and ask for an amendment to the letter of credit.
Banks also charge fees for L/C amendment service.
Under L/C, always draw the draft on the bank, not on the buyer.
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