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
A: the buyer
B: the seller
C: the buyer or tile bank
D: the nominated bank
举一反三
- If the Advising Bank does not have a corresponding bank in the buyer's country, ask the bank to recommend you a well-known bank with high credit rating and insist your buyer has the L/C issued by this bank.
- The collecting bank may release the documents against the buyer’s acceptance of a sight draft on documents against acceptance basis. （）
- If payment of export trade is made by letter of credit, ________ , on receiving the relevant L/C, should first of all make a thorough examination to see whether the clauses set in the L/C are in full conformity with the terms stated in the sales contract. A: A) the buyer B: B) the issuing bank C: C) the advising bank D: D) the seller
- In _________, the buyer’s bank undertakes to pay the seller when the terms and conditions have been met.
- L/C is the most widlely accepted payment terms in international trade as it is based on bank credit .