1. 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

2. 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.

3. 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.

4. 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.