상황
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.
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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.