Should the beneficiary of a letter of credit check for conflicts between previously negotiated delivery terms and those specified in the L/C?

The appropriate response is that the beneficiary of a letter of credit should check for conflicts between previously negotiated delivery terms and those specified in the letter of credit. This is because the letter of credit serves as a binding agreement backed by the issuing bank, stipulating specific terms and conditions for payment. If there are discrepancies between earlier agreements and the terms outlined in the L/C, it can result in complications or refusals during payment processing.

In situations where the delivery terms conflict, it’s crucial for the beneficiary to resolve these issues prior to shipping the goods. If such confirmations aren't made, the beneficiary runs the risk of not receiving payment or encountering delays. The integrity of trade transactions hinges on adhering to the precise conditions noted in the letter of credit, making the review a significant duty for the beneficiary.