A letter of credit, or a credit letter, is a letter from a bank guaranteeing that a buyer’s payment to a seller will be received on time and for the correct amount. If the buyer is unable to make a payment on the purchase, the bank will be required to cover the full or remaining...
A bank letter of credit policy is a guarantee by a U.S. bank that a buyer in a foreign transaction will be paid. This type of credit letter has become a routine part of international transactions, which often involve shipping large quantities of goods with a promise of payment from a for...
凭收据付款信用证是一种银行开立的有条件承诺付款的书面文件,其中规定受益人无需签发汇票,只需提交领款收据和规定的单据,即可请求银行按商业发票所列金额予以付款。这种信用证的特点是简化了付款流程,降低了出口商的负担。 凭收据付款信用证:Payment on Receipt Letter of Credit 凭收据付款信用证的定义 凭收据付款信用...
1、Unit 5 Terms of Payment,Section 1 Letter of Credit (L/C) Section 2 other terms of payment (self study),Section 1 L/C,1. Introduction of terms of payment 1) Brief introduction of remittance & collection 2) Main introduction of L/C 2. Specimen letters 3. Useful words and ...
The document lays out the terms and conditions of the transaction including the credit amount, shipment date, and payment terms. If the buyer does not make payment, the issuing bank will cover the amount of the purchase.What is a Letter of Credit? What is LC? The definition of a letter ...
When discussing payment terms, “L/C” means ___. A. Letter of Credit B. Letter of Confirmation C. Letter of Contract D. Letter of Cooperation 相关知识点: 试题来源: 解析 A。“L/C”是 Letter of Credit 的缩写,即信用证。反馈 收藏 ...
Payment within 90 days after the bill of lading (B/L) Payment within 30 days after sight Example of Usance Letter of Credit Usance Letter of Credit Vs. Sight Letter of Credit Advantages and Disadvantages of Usance Letter of Credit A usance letter of credit provides a deferred payment option ...
Our terms of payment are by confirmed, irrevocable letter of credit___against presentation of shipping documents. A. payable at sight B. paid by sight C. to be paid on sight D. in sight payment 相关知识点: 试题来源: 解析 A 正确答案:A 解析:句意:我们的支付方式是保兑的、不可撤销的即期...
athe amount of each fatty acid was expressed as a percentage of the total fatty acid 数量每脂肪酸被表示为总脂肪酸的百分比[translate] aPayment terms: the letter of credit payments 付款期限: 信用证付款[translate]
must honor its demand for payment (which complies with the terms of the L/C) regardless of ...