SchoolofInternationalEconomics.pptVIP

School of International Economics Modes of Payment Difference between bank L/G and L/C Under L/C: issuing bank: as the first payer Under bank L/G: issuing bank: the second payer Under L/C: issuing bank: handles business, not contract Under L/G: opening bank: handles business according to the contract Under L/C: beneficiary can get accommodation through negotiation Under L/G: beneficiary can not do through negotiation. School of International Economics Modes of Payment Difference between L/G and standby L/C Under L/G: opening bank: subsidiary payer Under standby L/C: opened i