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.
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
- Explain the risks for the exporter, and one of financing methods under collection by the remitting bank to the exporter.
- Bill purchased under collection is different from other modes of financing, but a bank has purchased full set of _______. A: bill of exchange B: invoice C: insurance policy D: B/L
- A ________ is issued to the exporter by a common carrier transporting the merchandise. A: commercial invoice B: bill of exchange C: packing list D: bill of lading
- When a bank deals with the documents presented under a credit for payment or negotiation, it disregards the contract between the importer and exporter.