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  3. Sales Contract No. : SC-5 Done and signed in Beijing on the 5th day of May Seller: COFCO Grain & Oil Import & Export Company B

Sales Contract No. : SC-5 Done and signed in Beijing on the 5th day of May Seller: COFCO Grain & Oil Import & Export Company B

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问题                             Sales Contract
No. : SC-5
Done and signed in Beijing on the 5th day of May
Seller: COFCO Grain & Oil Import & Export Company
Buyer: American Food Corporation
    This Contract is made by and between the Buyer and the Seller: whereby the Buyer agrees to buy and the Seller agrees to sell the under-mentioned commodity according to the terms and conditions stipulated below:
    Commodity: Cherry juice, White Elephant brand
    Specifications: In bottles of 340 grams
    Quantity: 1 000 cases(100 bottles each)
    Unit price: $ 40 per case
    Packing: In cases
    Insurance: To be effected by the Seller against all risks
    Time of Shipment: August 5
    Port of Shipment: Chinese Port
    Port of Destination: Washington, USA
    Shipping Mark: At the Seller’s choices
    Terms of Payment: By letter of credit
What are the terms of payment? By______.
选项
答案letter of credit。
解析 本题考查本批货物的付款方式。根据合同具体条款的最后一行，可确定本题的正确答案是letter ofcredit。
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