In L/C transaction, the banker is responsible to pay money and tender documents on behalf of both parties.
信用证(L/C---lettle of credit)是一种有条件的银行付款承诺,承担第一付款责任,是一种银行信用,代替买卖双方负责付款和提交单据,对进出口双方(特别是彼此不熟悉的客户)的利益较有保障。
According to the World trade Organization the average international trade transaction involves: 20-30 different parties, 40 documents, 200 data elements (30 of which are repeated at least 30 times).
根据世界贸易组织统计的平均国际贸易交易涉及:20—30个不同方,40个文件,200个数据元素(其中30个至少要重复30次以上)。
Documents of a contractual nature 'refers to agreements, deeds, treaties, transaction documents, letters of confirmation and other similar types of documents which have the validity of a contract.
具有合同性质的凭证,是指具有合同效力的协议、契约、合约、单据、确认书及其他各种名称的凭证。
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