The scenario
A Brazilian exporter sells iron ore to a Chinese buyer under CIF Incoterms, settled via irrevocable letter of credit. The flowchart maps from contract signing through document presentation, bank checks, payment, and final delivery.
What is in this drawing
Read the decisions behind it.
01
Do presented shipping documents comply with L/C terms?
02
Will the buyer waive discrepancies in documents?
Use for any CIF commodity trade with letter of credit settlement, particularly bulk shipments requiring marine insurance and customs clearance.
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