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Describe the procedures of settlement by payment credit according to the numbers
Describe the procedures of settlement by payment credit according to the numbers
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2025-06-19
14
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问题
Describe the procedures of settlement by payment credit according to the numbers given in the following charter. Write your answer on the ANSWER SHEET.
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答案
①The seller sends the documents to the bank where the Credit is available.
②After checking that the documents meet the Credit requirements, the bank makes payment.
③This bank then sends the documents to the issuing bank.
④The issuing bank, after checking that the documents meet the Credit requirements, makes reimbursement.
⑤The issuing bank then sends the documents to the Buyer.
⑥Reimbursement is obtained in the pre-agreed manner.
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