(1) Where a prime contractor entrusts a subcontractor with manufacturing or service of the goods for export, he or she shall open a local letter of credit in favor of the subcontractor, within 15 days from the date of the entrustment, unless good cause exists; provided, where a prime contractor entrusts manufacturing or service before he or she receives an original letter of credit in cases of export by letter of credit, he or she shall open a local letter of credit within 15 days after he or she received an original letter of credit. <Amended on Oct. 31, 2017>
(2) Where the prime contractor entrusts a subcontractor with manufacturing goods for export or providing service for export and complies with each of the following requirements, he or she shall issue the subcontractor a written confirmation purchase either in advance or ex post facto: <Added on Oct. 31, 2017>
1. Where the prime contractor has difficulty in issuing a local letter of credit due to good cause, such as an insufficient credit limit;
2. Where the subcontractor requests to issue a written confirmation of purchase.[This Article Wholly Amended on Apr. 1, 2009]