1. 1. Execution of a foreign trade contract
Export letter of credit
Ordering customer
JSC Belagroprombank
Beneficiary
Issuing bank
4. Goods delivery
3. Letter of credit
advising
1. Execution of a foreign trade contract
2. Opening of a letter
of credit
5. Shipping
documents
5. Shipment
6. Payment
6. Payment under a
letter of credit
7. Document are
presented
against payment
only
*Under these transactions, JSC Belagroprombank may provide
its confirmation, i.e. the obligation to effect payment under a letter of credit
against presentation of documents that meet the terms and conditions
of the letter of credit.