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Please help me answer this question belong to Import-Export Management: Buyer agrees to pay by irrevocable letter of credit (L/C) at sight. Discuss the procedure

Please help me answer this question belong to Import-Export Management:

Buyer agrees to pay by irrevocable letter of credit (L/C) at sight. Discuss the procedure of L/C. Compare the role and responsibility of banks in documentary collections and letters of credit.

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