Collection is a written under taking by a bank in the form of a letter sent to the seller at the request of the buyer to effect payment against the stipulated documents.
举一反三
- （ ） is the bank that makes payment to the beneficiary against presentation of stipulated documents.
- Which of the following sentences about collection is ture? A: By collection, the buyer draws a bill of exchange, to which shipping documents are attached. B: In collection, the bank will do the service of collecting and remitting. C: In collection, bank will pay a seller even if the buyer has not received the goods. D: In collection, payment is made through banks under the two terms of payment: D/P or D/A.
- ( ) is the bank that makes payment to the beneficiary against presentation of stipulated documents. A: Confirming bank B: Negotiating bank C: Paying bank D: Reimbursing bank
- （ ） makes payment to the beneficiary against presentation of stipulated documents. It is usually the opening bank but can also be a third designated
- It is _______ bank who will release the documents against payment or acceptance to the importer.