| 1. |
An exporter provides a request for confirmation
of a letter of credit or letter of guarantee, issued by the
importer’s bank. |
| 2. |
NLBI adds confirmation to the underlying instrument. |
| 3. |
In case of non-payment by the importer or its
bank under L/C or L/G, an exporter presents to NLBI a request
for payment under the relevant instrument. |
| 4. |
NLBI makes the payment to the exporter upon first
request, and further on seeks payment from the importer’s
bank. |