Unit 9 Letter of Credit课件.ppt

Unit 9 Letter of Credit;;9.1 Overview of a Letter of Credit;Characteristics of Standard L/C;;9.2 Parties Involved in L/C Payment;9.3 The Circulation and Characteristics of L/C;;The above flow chart can be further explained as follows:;9.3 The Circulation and Characteristics of L/C;;9.4 The Contents of the L/C;Notice to the above Letter of Credit:;9.5 Advantages and Disadvantages of L/C Payment;9.6 Notes for the Seller and the Buyer;9.7 Special Letters of Credit; Letter of credit is a payment method based on commercial credit.（ ） According to UCP600, any credit is an irrevocable letter of credit.（ ） The advising bank is usually in the country of the L/C applicant.（ ） An open negotiation L/C means the L/C can be negotiated with any bank.（ ） The documents presented for negotiation must be strictly in conformity with the L/C.（ ） Under L/C payment, the issuing bank will examine the goods to see whether they conform to the L/C or not.（ ） When the issuing bank has made payment under confirmed L/C, it still has the right of recourse to the beneficiary.（ ） When applying for a letter of credit, the applicant must pay the issuing bank 100% of the L/C amount as collateral. （ ） Brief cable L/C is not regarded as an operative credit instrument.（ ） Nowadays, the L/C is mostly opened by ail mail. （ ）; Ⅲ. Translate the following sentences into Chinese.; Ⅲ..Translate the following sentences into Chinese.;Ⅳ. Translate the following sentences into English.;