This contract is made by and between A Co. (______ called “the seller”) and B Co. (______ called “the buyer”), _______ the seller is willing to sell the buyer the commodities listed hereunder on the terms and conditions stipulated below. Now these presents witness that it is ________ agreed between the parties hereto as follows.

“We hereby agree with the beneficiary that all draft drawn under and/or documents presented hereunder will be duly honored by us provided the terms and conditions of the Credit are complied with...”. In the clause, “we”are ( ). A: issuing bank B: advising bank C: applicant D: beneficiary