In L/C transactions, the seller applies to the issuing bank to open a letter of credit.
举一反三
- In the L/C transaction, _______ applies to the issuing bank to open a letter of credit.
- Applicant completes a Letter of Credit Application which is set of instructions telling the issuing bank what needs to be included in the letter of credit.
- If a seller finds any discrepancies in the letter of credit against the sales contract, whom should he write to asking for an amendment（） A: the issuing bank B: the advising bank C: the applicant D: the negotiating bank
- Which of the following statements about the bank credit is wrong? A: Bank credit is always regard as indirect credit. B: Bank credit is always regarded as short-term credit. C: Bank credit is always direct credit. D: Bank credit is always long-term credit.
- The ( ) refers to the bank that is responsible for payment of the proceeds under a letter of credit if the terms and condition of the credit are complied with. A: advising bank B: negotiating bank C: issuing bank D: commerce bank