第五章信魅用证概述.pptVIP

 第一节 信用证的定义 Article 2 Meaning of Credit (UCP500) The expression “Documentary Credit(s)” and “Standby Letter(s) of Credit” mean any arrangement, however named or described, whereby a bank (the “issuing bank”) acting at the request and on the instructions of a customer (the “Applicant”) or on its own behalf, i. is to make a payment to or to the order of a third party(the “Beneficiary), or is to accept and pay bills of exchange drawn by the Beneficiary, or ii. authorizes another bank to effect such payment, or to accept and pay such bills of exchange, or