Caution open L/CIn the opening of L/C to buy goods from vendors in foreign countries. The buyer should do the following:• Verify the reliability of the seller first. Which may be done by visiting the factory of seller, or by the Bank Auditor,• Verify that the document and the terms outlined in the L/C enough?• Study of the requirements of the Government about the goods to be imported, such as import control or have special duties or not, etc.
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