外贸函电实务Chapter_Eight 建立和修改信用证.ppt

Chapter Eight Establishment of and Amendment to L/ C （建立和修改信用证） Parties Concerned applicant beneficiary advising bank opening/issuing bank negotiation/negotiating bank ?paying bank reimbursing bank confirming bank drawee drawer shipping documents draw on sb. in one’s favor for one’s account 1. Seller and Buyer conclude a sales contract, with method of payment usually by letter of credit (documentary credit). 2. Buyer applies to his issuing bank, usually in Buyers country, for letter of credit in favor of Seller (beneficiary). 3.Issuing bank requests ano