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.
举一反三
- 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
- _____ the terms of payment as stipulated in the contract，please establish an irrevocable letter of credit in our favor.
- L/C is the most widlely accepted payment terms in international trade as it is based on bank credit .
- Under Letter of Credit, "Honor" does not include ( ). A: Sight Payment B: Negotiation C: Deferred Payment D: Acceptance
- A letter of credit is __________. A: a formal guarantee of payment B: a conditional undertaking to make payment C: an unconditional undertaking to make payment D: a two bank guarantee of payment