When the exporter receive the original letter of credit , then, he ships the relevant products to importer. After examining the documents , and if in conformity with the L. C. terms ,the exporter is entitle to get the value of the bill and dollar amount is debited to the importers account. When the importers bank receives the receipt Letter of Credit value from importers hand over the relevant documents to the importer.
Importer submits the documents to the steamship line and takes possession of the goods.