L/C is the most widlely accepted payment terms in international trade as it is based on bank credit .
举一反三
- The commonly used terms of payment in international trade are . A: letter of credit B: remittance C: collection D: Cash
- The international rules for the interpretation of trade terms (Incoterms) is the most important international convention for international trade in goods. ()
- The ( ) refers to the bank that is responsible for payment of the proceeds under a letter of credit if the terms and condition of the credit are complied with.
- The ( ) refers to the bank that is responsible for payment of the proceeds under a letter of credit if the terms and condition of the credit are complied with. A: advising bank B: negotiating bank C: issuing bank D: commerce bank
- To trade on an acceptance credit basis, the bill is accepted by ______. A: the buyer B: the seller C: the buyer or tile bank D: the nominated bank