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CIF Transaction and Letter of Credit Settlement Flowchart

Tipo Diagramma di flussoStandard Sugiyama layered DAG + orthogonal routingMotore schematex-flowchartAggiornato 04/10/2026
CIF Transaction and Letter of Credit Settlement Flowchart
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Lo 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.

Cosa contiene questo disegno

Leggi le decisioni che ne stanno alla base.

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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