When a bank deals with the documents presented under a credit for payment or negotiation, it disregards the contract between the importer and exporter.
举一反三
- The exporter can receive the payment only when________.() A: he has shipped the goods. B: he has presented the documents. C: the importer has taken delivery of the goods. D: the documents presented comply with the credit terms.
- The bill of lading is evidence of the contract of carriage ____________. A: between the exporter and the importer B: between the issuing bank and the carrier C: between the applicant and the carrier D: between the shipper and the carrier
- A letter of credit is issued by a bank at the request of an exporter and then sent to the importer's bank.
- The ( ) buys the exporter’s draft and makes payment to the exporter. A: Confirming bank B: Paying bank C: negotiating bank D: Reimbursing bank
- Explain the risks for the exporter, and one of financing methods under collection by the remitting bank to the exporter.