国际贸易实用英语 教学课件 作者 姜宏 Unit 3 Letter of Credit.pptVIP

国际贸易实用英语制 作 人： 姜宏制作时间：2010年9月1日 Unit 3 Letter of Credit 信用证 Objectives To learn different modes of payment and advantages of L/C To know the working procedures of letter of credit To be able to apply for opening an L/C To be able to analyze L/C terms and conditions 3.1 Discussing Mode of Payment 3.1 Discussing Mode of Payment Letter of credit (L/C) is a document issued in international trade. It works like this. The buyer asks his bank to open a credit in the seller’s favor. A credit is a sum of money on the books of a bank. Being in the seller’s favor means it belongs to the seller.