中国大学MOOC: ___________ is a document issued by a bank indicating that it will make payments to a beneficiary upon presentation of particular documents.
Letter of Credit
举一反三
- ___________ is a document issued by a bank indicating that it will make payments to a beneficiary upon presentation of particular documents. A: Draft B: Bill of Exchange C: Letter of Credit D: Sight Draft
- （ ） is the bank that makes payment to the beneficiary against presentation of stipulated documents.
- The payments under L/C are usually made by the bank upon receipt of the documents stipulated in the L/C and a bill of exchange issued by the exporter.
- ( ) 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
内容
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In the case of documents payable at sight the presenting bank must make presentation for payment without delay。
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In your simulation case,Beneficiary's certificate is one of the documents for presentation .
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In your simulation case, the issuing bank will check the documents and pay the beneficiary in advance.
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中国大学MOOC:"During the War, the fundamental documents of the US,____________________, was drafted and issued in 1776.";
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In L/C, the reimbursing bank makes reimbursement only when documents presented by the beneficiary are complied with the credit. ( )