信用证史命,报盘.pptVIP

Chapter 13 Urging Establishment of L/C Documentary Letter of Credit (L/C) A documentary L/C is an agreement with banks, made by an importer, to pay an exporter, provided certain conditions are fulfilled. The importers apply to one of their bankers to issue the L/C in favor of their suppliers through a bank in the suppliers’ country. Key terms documentary L/C 跟单信用证 The importer avoids risk of the seller’s default to deliver goods, because the payment is made to the seller only after documents certifying goods delivery are produced. Further Operation of an L/C 5. The seller, after getting the