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What is a letter of credit?

admin2015-10-23  125
问题 What is a letter of credit?
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答案The credit is a letter issued by a bank at the request of the importer in which the bank promises to pay upon presentation of the relevant documents．It is actually a conditional bank undertaking of payments．
解析 信用证是银行在进口人的要求下所签发的信函，在此函中，银行许诺在卖方提交有关单据后付款。它实际上是锒行有条件的付款承诺。
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