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Explain the procedures of a letter of credit, then advise the legal status of the parties under the following situations: a. A buyer would like
Explain the procedures of a letter of credit, then advise the legal status of the parties under the following situations: a. A buyer would like to inspect the goods shipped under an international sale contract before he pays under the documentary credit; b. The Position of the buyer under a documentary collection with sight Documents against Payments compared to an irrevocable letter of credit with a 100 days sight drawn on his bank
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