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Describe the procedures of banker’ s acceptance according to the numbers given i
Describe the procedures of banker’ s acceptance according to the numbers given i
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2025-06-19
23
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问题
Describe the procedures of banker’ s acceptance according to the numbers given in the following charter. Write your answer on the ANSWER SHEET.
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答案
①Importer applies to the importer’ s bank for an irrevocable L/C.
②Importer’ s bank sends L/C to the exporter.
③Exporter presents L/C to exporter’ s bank with shipment proof for payment.
④Exporter’ s bank sends a time draft along with shipment proof to importer’ s bank.
⑤Importer’ s bank stamps the time draft "accepted" and sends the banker’ s acceptance back to the exporter’ s bank.
⑥Importer deposits funds at importer’ s bank sufficient to cover the banker’ s acceptance when it matures.
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