Export Letter of Credit Cycle- Advised L/C

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Export Letter of Credit Cycle- Advised L/C 1. Sales Contract 5. Goods are shipped to Buyer 6. DOCS to U.S. Bank 4. L/C Is given to the Seller 2. Apply for L/C and Deposit $$$$$$ 10. $$$ To Shipper 9. DOCS To Buyer 3. L/C is Transmitted to U.S. Confirming/Advising Bank 7. DOCS to Issuing Bank 8. $$$ to U.S. Bank U.S. Advising Bank 4/30/2019 Property of Ric Frantz/LR International, Inc. Issuing or Opening Bank

Property of Ric Frantz/LR International, Inc. Advised by a U.S. Bank Credit Risk is Shifted to the Issuing Bank Commercial /Economic Risk Political Risk Issuing Bank Reserves the Right to Examine The Documents before Releasing Payment Through the U.S. Bank 4/30/2019 Property of Ric Frantz/LR International, Inc.

Export Letter of Credit Cycle-Confirmed by a U.S. Bank Sales Contract 5. Goods are Shipped to Buyer 4. L/C is Given to The Seller 7. $$$ To the Seller 2. Apply for L/C and Deposit $$$$$$ 6. DOCS To U.S. Bank 9. DOCS To the Buyer 3. L/C and $$$ or Ability to Pay Is Transmitted to U.S. Confirming Bank. 8. DOCS to the Issuing Bank U.S. Confirming Bank Issuing or Opening Bank 4/30/2019 Property of Ric Frantz/LR International, Inc.

Property of Ric Frantz/LR International, Inc. Confirmed by a U.S. Bank Risk Shifts from the Buyer through the Issuing Bank to the U.S. Bank. Eliminates Foreign Commercial/Economic Risk Eliminates Foreign Political Risk U.S. Bank Pays the Seller after Examining Documents with No Discrepancies 4/30/2019 Property of Ric Frantz/LR International, Inc.