Shema Perevodnogo Akkreditiva -

: The Transferring Bank notifies the supplier’s bank ( Advising Bank ) of the transferred credit in favor of the second beneficiary.

: The middleman has the right to substitute the supplier’s invoices with their own to claim the profit margin (the difference between the buyer's price and the supplier's price). shema perevodnogo akkreditiva

: The buyer and the middleman (first beneficiary) sign a sales contract. Simultaneously, the middleman signs a purchase contract with the actual supplier (second beneficiary). : The Transferring Bank notifies the supplier’s bank

: The supplier ships the goods and presents the required documents to their bank. These are then forwarded to the Transferring Bank. Simultaneously, the middleman signs a purchase contract with

: The buyer applies to their bank ( Issuing Bank ) to open an irrevocable letter of credit designated as "transferable" in favor of the middleman.

: The Transferring Bank advises the middleman of the credit. The middleman then requests the bank to transfer the credit (or a portion of it) to the supplier.

: Once documents are verified, the Issuing Bank pays the Transferring Bank, which then distributes funds to the supplier and the middleman. Essential Conditions (UCP 600)