商务英语函电chapter nine.pptVIP

Business English Correspondence 授课老师：张瑞娟 zhangruijuan0620@ Q1: How many parties may be involved during the usage of L/C? 1. Applicant 2. Issuing bank / opening bank 3. Advising bank / notifying bank 4. Beneficiary 5. Negotiating bank 6. Confirming bank 7. Reimbursing bank 8. Paying bank 9. Accepting bank Chapter Nine Letter of Credit Q2: Can you explain the specific procedure of payment by sight L/C? 1. The buyer (applicant) applies for opening an L/C 2. The opening bank issues the relative L/C as requested and sends it to the notifying bank. 3. The advising bank advises the sel