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英语翻译
Terms of payment
The most generally used method of payment in the financing of international trade is the letter of credit (abbreviated to L/C) ,which is a reliable and safe method of payment,facilitating trade with unknown buyers and giving protection to both sellers and buyers.The process of issuing a letter of credit starts with the buyer.He instructs his bank to issue an L/C in favor of the seller for the amount of the purchase.The buyer’s bank (the opening bank) then sends to its correspondent bank in the seller’s county,the L/C,giving instructions about the amount of the credit ,the beneficiary,the currency,the currency,the documents required and other special instructions.On arrival.the correspondent bank advises the seller of the receipt of the credit.Sometimes a seller requires a confirmed L/C.In this case ,the correspondent bank usually adds its confirmation and advises the seller of the same; the seller will then dispatch the goods accordingly.
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提问时间:2021-04-05

答案
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