名词解释题L／C(Letter of Credit)
名词解释题
L／C(Letter of Credit)
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－Is it possible to find alternative payment terms for this order? －__________________________ A I’m afraid not. We insist on a letter of credit. ;B No, I think the price is reasonable. ;C I can’t be of any help in this respect.
The terms of payment are important for both the seller and the buyer. For the seller, the best terms would be full payment ________. We’re flexible, adaptable and innovative. Everything we do is about your bu cash at the time of sale. But the buyer would prefer to have the goods before making payment. Importers and exporters are separated from each other by ________. We’re flexible, adaptable and innovative. Everything we do is about your bu?of miles. This adds to the difficulties of ________. We’re flexible, adaptable and innovative. Everything we do is about your bu an agreement of payment. However, exporters and importers usually meet each other half-way and agree to payment by a Letter of Credit. A letter of credit (L/C) is a banker’s guarantee that payment will be made, if all the required shipping documents are presented. * In this way, exporters receive a guarantee not only from importers, but also from a bank. * On ________. We’re flexible, adaptable and innovative. Everything we do is about your buhand, importers are given the guarantee that the bank will not make payment unless all the shipping documents are presented. Nevertheless, the exporter can further require an ________letter of credit. That means the guarantee of payment cannot be cancelled either by the opening bank or the importer.
听力原文：What is it called if a letter of credit is issued for guarantee of performance rather than payment?(3)A．Back-to-back credit.B．Reciprocal credit.C．Documentary credit.D．Stand-by credit.
听力原文：Our company will apply for a sight letter of credit for settlement instead of documentary collection.(10)A．Our company prefers an L/C to collection.B．Our company will apply for documentary collection.C．Our company will apply for either documentary collection or sight letter of credit according to your advice.D．Our company will adopt neither documentary collection nor letter of credit.
听力原文：If a letter of credit is issued irrevocably, it can't be canceled nor amended without permission.(4)A．Ａn irrevocable L/C can not be committed to amendment.B．Ａn irrevocable L/C can not be cancelled without permission.C．Ａn irrevocable L/C can not be cancelled or amended.D．Neither cancellation nor amendment without permission can be made to the irrevocable L/Ｃ.
听力原文：ABC Company applied for a sight letter of credit for settlement instead of documentary collection.(4)A．The company changed idea.B．The company preferred an L/Ｃ to collection.C．The company did not want an L/Ｃ.D．The company applied for documentary collection.
Unless otherwise stated in the letter of credit, banks will not accept ______ presented by the beneficiary.A．open coverB．cover noteC．insurance certificateD．insurance policy
As far as the beneficiary is concerned the letter of credit which is available by ______ is the least favorable.A．negotiationB．acceptanceC．sight paymentD．deferred payment
As instructed in your letter of Sept.5, we have opened a letter of credit for your account valid () February 9, 1993.A、duringB、onC、fromD、 until
Please open the Letter of Credit promptly at the contract price, () we cannot apply for export licenceA、lestB、otherwiseC、orD、and
() our repeated requests, still we have not received your letter of credit up to now.A、In terms ofB、In case ofC、In condition ofD、In spite of
A transferable L/C __________ a letter of credit that can be redirected at the seller’s request.A、regardsB、refers toC、ordersD、transfers
What will accompany Ms. Waiter's letter?A.Credit card and email recordsB.Payment of late feesC.Her business cardD.Copies of two billing statements
The documents you should provide are contract, L/C , invoice and B/L, L/C is the abbreviation for ( )，B/L is the abbreviation for ( ).A. Letter of Credit，Packing List B. Leaking of Containers，Bill of LadingC. Letter of Credit, Bill of Lading D. Leaking of Containers, Packing List
If the seller finds any discrepancies in the letter of credit, whom does he write to asking for an amendment?（）.A、The issusing bankB、The advising bankC、The applicantD、The negotiating bank
（） is the party which applies to the bank for the opening of a letter of credit.A、A bank in the seller′s countryB、A bank in the buyer′s countryC、An exporterD、An applicant
the letter of credit requires “three copies of inspection certificate issued by CCIC”. The documents presented as follows. Which is acceptable？（）A、in 3 originalsB、in 3 copiesC、in 1 original and 2 copiesD、in 2 originals and 1 copy
多选题the letter of credit requires “three copies of inspection certificate issued by CCIC”. The documents presented as follows. Which is acceptable？（）Ain 3 originalsBin 3 copiesCin 1 original and 2 copiesDin 2 originals and 1 copy
单选题（） is the party which applies to the bank for the opening of a letter of credit.AA bank in the seller′s countryBA bank in the buyer′s countryCAn exporterDAn applicant
单选题If the seller finds any discrepancies in the letter of credit, whom does he write to asking for an amendment?（）.AThe issusing bankBThe advising bankCThe applicantDThe negotiating bank