Ⅳ.Put the following sentences into right order according to export-import procedure (10%):
A.If credit terms and conditions conform to sales contract, Seller prepares goods and documentation, and arranges delivery of goods to carrier.
B.Documents release to Buyer after payment.
C.Issuing bank examines the documents and draft for compliance with credit terms.If complied with, Seller’s draft is paid.
D.Advising bank, usually in Seller’s country, forwards letter of credit to Seller informing about the terms and conditions of credit.
E.Issuing bank request another bank, usually a correspondent bank in Seller’s country, to advise, and sometimes confirm, the credit.
F.Bank sends the documents and draft to the issuing bank.
G.Negotiating bank examines the documents and draft for compliance with credit terms.If complied with, bank will negotiate or pay.
H.Buyer applies to the issuing bank, usually in Buyer’s country, for letter of credit in favor of Seller.
I.Seller and Buyer conclude a sales contract, with method of payment usually by letter of credit.
J.Seller presents documents evidencing the shipment and draft to negotiating bank named in the credit.
【答案】1.I 2.H 3.E 4.D 5.A 6.J 7.G 8.C 9.F 10.B