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更多“A．The ultimate buyer.B．The mid…”相关的问题
Under the documentary credit, which of the following is false？
A．The buyer's bank will issue a documentary credit.
B．The seller has his bank's undertaking to pay.
C．If the seller presents the correct documents, he will be paid.
D．A bank acts as an intermediary between the buyer and seller and is willing to provide trade.
A．the seller
B．the buyer
C．the broker
D．the dealer
听力原文： Back-to-Back credits consist of two entirely separate documentary credits, but one credit may act as security for the other. They apply in transactions when actual suppliers and ultimate buyers deal through a middleman. If the supplier insists on a documentary credit, the middleman may apply to his bank for a credit on his behalf. If the middleman's bank is satisfied with his creditworthiness, the bank will issue the credit in the normal way and no other formalities will apply. However, the "back-to-back" credit comes into use if the bank insists that the middleman obtain a documentary credit in his favor from the ultimate buyer as security for the "back-to-back" credit in favor of the actual supplier. Only the middleman and his banker know the "back-to-back" credit, and only they are concerned with credit.
25. What do the back-to-back credits consist of？
26.In which situation do the back-to-back credits apply？
27.In whose favor is the back-to-back credit issued.？
(25)
A．It consists of one commercial credit and one standby credit.
B．It consists of two entirely separate documentary credits.
C．It consists of a credit and some commercial documents.
D．It consists of a bill of exchange and a bill of lading.
A．When actual suppliers and ultimate buyers deal through a middleman.
B．When buyers and sellers agree to make settlement by means of letters of credit.
C．When buyers don't agree to make payment on collection basis.
D．When sellers insists on a documentary credit.
(10)
A．Banks may guarantee the buyer or the seller in documentary collection.
B．Banks act as agents without responsibility of guarantee on either side.
C．Banks offer bank guarantee to both the buyer and the seller in documentary collection.
D．Banks are only responsible for the buyer in documentary collection.
What will a foreign seller do when he gets the letter of credit from the buyer？
A．He will draw a bill of exchange on the buyer's bank.
B．He will sell it and get money at once.
C．He will make payable on demand.
D．He will authorize the company to make the payment.
