When the goods have arrived but the documents are still on the way, the collecting bank may provide the importer with a letter of guarantee, the shipping company releases the goods to the importer without receiving the bills of lading。
The collecting bank undertakes to deliver the B/L to the shipping company when it arrives。
At the request the correspondent we have been requested to add our confirmation to this credit and we hereby undertake that all drafts drawn by you in accordance with the terms of the credit will be duly honored by us。
Documentary Credit available with yourselves by payment against presentation of the documents detailed herein。
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