1. The contract always specifies the conditionspayment as the buyer and seller calculations cancarried out in various ways.2. The documentary letter of credit opened bydirected by the importer (buyer), defining itsbasic conditions.3. The authenticity of the documents checkedadvising bank.4. If the advising bank paysletter of credit, it is called confirming bank.5. Of the many types of letters of credit in practicethe most commonly used irrevocable letter of credit,which may be refused only with the consentrecipient (beneficiary), and confirmedletter of credit, which is paid by the bank givesguarantee of payment after providing certaindocuments.