Typically, there are how many parties to a letter of credit?

Name: Typically, there are how many parties to a letter of credit?
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A letter of credit involves the importer (buyer), exporter (seller), and the issuing and advising banks. Therefore, there are three parties involved. However, there may be additional parties such as confirming banks or nominated banks, which could bring the total up to four or five parties. But typically, there are three parties involved.

Typically, There Are How Many Parties to a Letter of Credit