A draft can be made payable to bearer/holder. This type of draft is acceptable by the Chinese banks.
举一反三
- Our contract stipulates that payment should be made by irrevocable L/C payable by sight draft, so you must act _____.
- 中国大学MOOC: True or False: A draft paid to a bearer is risky. ( )
- Please note that this is a draft payable（）.All of the following phrases can suitably complete this sentence EXCEPT: A: at demand B: at sight C: on demand D: on sight
- In accounting，cash includes cash on hand, cash in banks, and any items that are acceptable for deposit in banks.(2分)
- Our terms of payment are by irrevocable L/C payable by sight draft against presentation of shipping document.