Describe the procedures of settlement by payment credit according to the numbers given in the following charter. Write your answ

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问题 Describe the procedures of settlement by payment credit according to the numbers given in the following charter. Write your answer on the ANSWER SHEET.

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答案①The seller sends the documents to the bank where the Credit is available. ②After checking that the documents meet the Credit requirements, the bank makes payment. ③This bank then sends the documents to the issuing bank. ④The issuing bank, after checking that the documents meet the Credit requirements, makes reimbursement. ⑤The issuing bank then sends the documents to the Buyer. ⑥Reimbursement is obtained in the pre-agreed manner.

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