Under what circumstances would the buyer prefer to use the letter of credit rather than the payment

The letter of credit payment method has the following characteristics ().

a.The issuing bank pays the beneficiary when the importer fails to fulfill its payment obligations.

b.Bank credit.

c.The issuing bank is only bound by the credit sail certificate and has nothing to do with the ** contract.

d.A purely documentary business.

e.The bank guarantees the delivery of qualified goods to the importer.

Correct Answer: Bank Credit; The issuing bank is only bound by the letter of credit and has nothing to do with the ** contract; A kind of pure document state business.

Answer]: Because the letter of credit is an independent document, the issuing bank is responsible for the first payment, and the letter of credit business deals with documents rather than the goods. The applicant for the issuance of the letter of credit is not responsible for the primary payment, it is only one of the parties to the letter of credit.

Answer]: CC This question tests the understanding of the characteristics of the payment method of the letter of credit. The L/C is an independent document, the applicant is the first payer of the L/C, the issuing bank is the second payer, and its business or bureau affairs handle the documents. Therefore, C.

Answer] :d L/C refers to the bank's conditional payment commitment, that is, the issuing letter of credit is in accordance with the requirements and instructions of the customer (the applicant for issuance), and promises to pay the third party (beneficiary) or its designee with the prescribed documents, or accept; or authorise another bank to make the payment, or to accept it; or authorize another bank to negotiate. Option D, in the general L/C business, as long as the documents provided by the beneficiary are consistent with the terms of the L/C, the bank shall bear the first payment liability to the beneficiary, regardless of whether the applicant performs its duties.

Answer]: B can explain this problem from the definition of L/C - L/C is an independent document, which is a written document of the issuing bank to the beneficiary to pay the payment of the loan, and it can be seen from this that the issuing bank bears the first payment responsibility for the beneficiary in the case of consistent submission of documents, and there are only two main parties here, that is, the issuing bank and the beneficiary.

Therefore, the first person responsible for the payment of the letter of credit is the issuing bank.

Answer: Zheng Zhao's case]: a

The letter of credit is an independent document, and the issuing bank is the first payer. According to whether the bill of exchange under the letter of credit is accompanied by commercial documents, it can be divided into merchandiser clear group business letter of credit and light bill letter of credit.

Answer: Manuscript circle a, b, c, d

This question assesses the negotiation of domestic letters of credit. This question is not very difficult, it is a summary of knowledge points, and it needs to be grasped carefully. Special note: When the confirming bank negotiates, it has no recourse against the beneficiary, except for the beneficiary's L/C fraud.

Implicit key answer]: b, c, d

This question assesses the provisions of the letter of credit. If only the documents are reviewed and the consideration is not paid, it does not constitute a negotiation.