The most generally used 1 of payment in the 2 trade is the 3 of credit.It is 4 for individual

题目

The most generally used 1 of payment in the 2 trade is the 3 of credit.It is 4 for individual
The most generally used 1 of payment in the 2 trade is the 3 of credit.It is 4 for individual transactions or 5 a series,makes 6 with unknown buyers easy and 7 protection to both seller and buyer.The process of establishing an L/C 8 with the buyer.He instructs his bank to 9 an L/C for the 10 of the purchase and in favour of the seller.The 11 contain full details of the 12 as agreed 13 between the buyer and the seller.The buyer’s bank 14 the L/C to its 15 in the seller’s country.16 receiving the L/C,the 17 advises the seller of the arrival of the 18 .In foreign trade it is 19 for the correspondent to 20 the credit.This means that the correspondent 21 to pay the seller the money 22 to him,provided the conditions set 23 in the L/C have been complied 24 .The seller can now execute the buyer’s order,25 that when he has done so,the 26 will be paid at once by the correspondent.The buyer is equall

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