letterofcredit题库.pptVIP

LETTER OF CREDIT Letter of Credit, L/CA document issued by a bank which guarantees the payment of a customers drafts for a specified period and up to a specified amount.  Basic Items of L/C：P138 1) The type of the L/C 2) The number of the L/C, the date of issue, the date of expiry, the place of expiry, and the period of presentation of the documents 3) The parties involved with the L/C, such as the issuing bank, the applicant, the advising bank, the beneficiary and so on. 4) The types of draft, the drawer, drawee, the duration to effect payment and so on 5) The description of goods, quantit