The next step occurs when the exporter draws a draft on an opening bank.
All banking charges outside of opening bank are for beneficiary's account.
We are returning your claim as the opening bank does not maintain an account with us.
Shipment Can only be effect upon receipt of applicant's shipping instructions through L/C opening bank nominating the name of carrying vessel by means of subsequent Credit amendment.
Either because the credit amount is too large, or because he does not fully trust the opening bank, sometimes the exporter may require a confirmed letter of credit.