An L/C is a commitment by ________ on behalf of the ______ that payment will be made to the ________, provided that the terms and conditions stated in the L/C have been met, as verified through the presentation of all required documents.
举一反三
- In ___________, the buyer’s bank undertakes to pay the seller when the terms and conditions have been met. A: payment in advance B: open account payment C: documentary collection D: L/C
- If payment of export trade is made by letter of credit, ________ , on receiving the relevant L/C, should first of all make a thorough examination to see whether the clauses set in the L/C are in full conformity with the terms stated in the sales contract.
- The<br/>expiry date of L/C refers to the date of ( )of<br/>the documents. A: negotiation B: payment C: acceptance D: presentation
- Our terms of payment are by irrevocable L/C payable by sight draft against presentation of shipping document.
- If payment of export trade is made by letter of credit, ________ , on receiving the relevant L/C, should first of all make a thorough examination to see whether the clauses set in the L/C are in full conformity with the terms stated in the sales contract. A: A) the buyer B: B) the issuing bank C: C) the advising bank D: D) the seller