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本帖最后由 Solusrex 于 2011-1-10 20:46 编辑
In simple terms,a credit is a document which provides payment to a seller of goods upon proof of the seller's compliance with requirements set forth by the document.A letter of credit is normally issued by a bank(which represents the purchaser-importer-of goods) to the exporter of goods.The exporter may then draw payments from the letter of credit upon submitting proof to the bank that the details of the purchase transaction have been strictly complied with.
ps:
this paragraph is about the explanation of L/C(letter of credit 信用证) |
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