Bank of China informs the beneficiary, a Chinese import and export company that a foreign bank has opened a letter of credit in his favor. The bank does not add its engagement by informing the beneficiary. The Bank of China ia acting as ().
We have drawn on you for this amount at sight through the Bank of China who has been instructed to produce the document_______ payment of the draft.
A bank opens an L/C at the request of the importer. It is a (an)().
for payment. we require an irrevocable L/C______sight against presentation of full set of documents to the negotiating bank here.
You must be responsible for all the losses arising from your delay in opening the()L/C.
In accordance_____ the terms_____ payment in the contract, please open an irrevocable L/C_____ our favor.
In order to ensure the requested shipment,please open the covering L/C _________ should reach us 30 days prior to the date of delivery:
L/C is the most widlely accepted payment terms in international trade as it is based on bank credit .
The word ( ) means \a person (or a business like a bank or stock brokerage) who has the power and obligation to act for another (often called the beneficiary) under circumstances which require total trust, good faith and honesty\.
It is the ________ who issues the check to his bank, ordering the bank to pay to the seller or the bearer of the check.
A beneficiary refers to the party in whose favor an L/C is opened, and it usually refers to the().
The one Federal Reserve district bank which is always represented on the Federal Open Market Committee is______.
On issuance of an L/C, the issuing bank requested ...
We have opened an L/C in your favour ______ the amount of RMB 20000.
L/C means the commercial credit instead of bank credit()
We shall cancel the contract if you fail to open the relative L/C ______ the end of this year.
L/C called for freight to be paid by the beneficiary in terms of a CIF contract, Bills of lading had a stamp on them showing the words "freight to be prepaid". Negotiating Bank accepted the stamp as constituting evidencing payment of freight.
In order to prevent the() from opening the L/C late, the exporter should stipulate at the
With which bank was the L/C opened? The L/C was opened with ______.
The First National Bank of Summerville has opened an office in Turkey. This is a limited service office that can market services of the home office in Turkey and can identify Turkish customers but can
The statistics show that those who prefer electronic banking___ 45 percent.
The remittance method for payment by the transfer of the bank draft opened by the remittance bank is ()
Generally speaking, it is necessary for the buyer to clearly specify a period of validity of the L/C when applying for the opening of L/C.()
You must be responsible for all the losses ____ from your delay in opening the covering L/C.