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The buyer and the seller enter into a Premature payment agreement, defining common conditions of the documentary letter of credit
The letter of credit must be approved by UAB Medicinos Bankas (by the request of buyer), e.g. UAB Medicinos Bankas must accept the bueyer’s risk
The documents provided must comply with the conditions of the letter of credit or they must be accepted by the seller
The bank pays up to 100% of the value of the document (minus discounting)
Discounting can be combined with crediting the client by the bill of exchange
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