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  3. What is the unique feature of the letter of credit? How does it offer security to the buyer and the seller?

What is the unique feature of the letter of credit? How does it offer security to the buyer and the seller?

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问题 What is the unique feature of the letter of credit? How does it offer security to the buyer and the seller?
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答案The seller has the security to get paid provided he presents impeccable documents while the buyer has the security to getthe goods required through the documents he stipulates in the credit．The bilateral security is the unique and characteristic featureof the letter of credit．
解析 对于卖方来说，只要他提交了正确无误的单据就可保证得到货款，而买方通过他在信用证中所规定的单据，保证可以得到所需要的货物。这种双边保证是信用证独特的、具有代表性的特征。
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