物流专业英语chapter8-3试编.ppt

Letter of Credit 信用证 Letter of Credit Definition --- L/C is… (1) A payment undertaking given by a bank (issuing bank) 由银行所开具的 On behalf of a buyer (applicant) 代表买主 To pay a seller (beneficiary) for a given amount of money within specified time limits 承诺在规定时间内向卖方支付一定金额 (2) On presentation of specified documents representing the supply of goods 需根据规定，出示规定的单据 Documents to be presented at a specified place 需要在指定地点出示单据 Documents must conform to terms and conditions set out in the letter of credit 单据还需符合信用证的条款 The flow of L/C Transaction基本流程 Parties that participant in L/C arrangement Appli