Suppose an importer's bank issues a letter of credit to the seller in a foreign country. The letter of credit often states that it is available "against your draft at sight" when accompanied by a set of additional documents. a. Why will the seller-instead of the buyer--be presenting a sight draft? b. Why is the bank requiring a set of additional documents?

Answer rating: 100% (QA)

a If the Seller conforms to the letter of credit the seller m... View the full answer