题目内容:
根据下列选项,回答题。There are many parties involved in an L/C operation.They are the applicant,issuing bank,advising bank,beneficiary,negotiating bank,and so on.An applicant is the party that applies to a bank for opening a letter of credit.An applicant may also be called “opener”0r“accountee”.It is usually the buyer or importer in a contract.An1 bank refers to the bank that issues a letter of credit at the request of the applicant,and is responsible for payment of the proceeds under an L/C if the terms and conditions of the credit are complied with.An2 bank is usually a bank in the seller’s country.Of course,it may also be in a third country.Upon instructions and entrustment of the issuing bank,the advising bank
advises the3 0f an L/C.A beneficiary refers to the party in whose favor an L/C is opened and which should comply with the terms and conditions of the credit in order to receive the proceeds.It usually refers to the 4 ,the exporter.A negotiating bank is the bank that negotiates the beneficiary’s draft(s).It may be the 5 bank or another bank authorized to negotiate the documents.If there is no specific stipulation in the L/C,the exporter may present the documentary draft to any bank that is able to do the negotiation.
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