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Describe the procedure of Buyer Credit which provides loan to importer and req
Describe the procedure of Buyer Credit which provides loan to importer and req
游客
2025-06-21
30
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问题
Describe the procedure of Buyer Credit which provides loan to importer and requires importer’s bank guarantee as shown in the following chart.
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答案
①Exporter and importer conclude a supply contract.
②Exporter and importer make an application to exporter’s bank and importer’s bank respectively.
③Exporter’s bank signs a loan agreement with importer.
④Importer’s bank issues a letter of guarantee in favor of exporter’s bank after they accept the applications respectively.
⑤Exporter’s bank makes an application for the individual loan agreement to government’s export credit agency, and the loan agreement comes into effect after the export credit agency approves it.
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