the process of opening an import letter of credit is as follows: the applicant submits the application for opening an import letter of credit, the purchase and sale contract, the filing form for import payment of foreign exchange and other relevant documents to the bank, and the bank will open the letter of credit after it is verified. Pay according to the terms of the letter of credit and the contract. When purchasing equipment by import letter of credit, it is necessary to ensure that the payment is made by letter of credit in the contract, and the terms of the letter of credit are required to be consistent with the terms of the contract.