13第十三章 信用证和银行保函.pptVIP

Letter of Credit Letter of Guarantee Combination of Payment Modes Chapter 13 Letter of Credit and Letter of Guarantee Definition Parties Involved Procedures of L/C Payment Nature and Characteristics Contents Types Lesson 1 Letter of Credit Definition “Any arrangement, however named or described, whereby a bank acting at the request and on the instructions of a customer or on its own behalf, is to make a payment to or to the order of a third party, or is to accept and pay bill of exchange drawn by the third party”. --from the UCP 600 Lesson 1 Letter of C