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  3. 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  0
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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