Following negotiations on a transaction which result in use of a letter of credit for payment, in the next step, the importer should

-ship the goods to the importer ask the issuing bank to provide him a letter of credit make a security deposit in the issuing bank ask the advising bank to send the issuing bank the shipment documents. An exporter can conduct its international business in a manner similar to the way it and most companies conduct domestic business by using a documentary collection an open account a letter of credit a credit account