| Only the broker relying on the credit of the buyer in the form of a letter of credit to guarantee payment to the broker if documents are presented in strict compliance with the letter of credit and the seller presents his documents to the broker under a documentary collection. |
| Documents are presented under a letter of credit between the buyer and the seller where the broker in the transaction accepts an assignment of proceeds in order to claim his or her commission. |
| Documents presented under a letter of credit with a time draft are accepted for payment by the buyer’s bank after all discrepancies in the documents are accepted by the buyer. |
| The buyer and the seller have a middle man (broker) who relies on the credit facility of the buyer in the form of a transferable letter of credit and transfers it to the seller, who being a party to the original letter of credit, is guaranteed payment provided there is strict compliance with the letter of credit. |