L/C is a promise to pay from the bank against the documents in compliance with the L/C stipulations.
举一反三
- As long as the documents presented by the beneficiary are in complete compliance with the terms and conditions of the credit, the issuing bank or the bank nominated by the credit shall fulfill the undertaking to pay, accept or negotiate.( )
- According to<br/>UCP600, if documents are in correspondence with L/C’s<br/>stipulations, discrepancies between the documents themselves are<br/>allowed. ( )
- 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.
- The collecting bank may release the documents against the buyer’s acceptance of a sight draft on documents against acceptance basis. （）
- In L/C, the reimbursing bank makes reimbursement only when documents presented by the beneficiary are complied with the credit. ( )