Letter of Credit， L/C

"Letter of credit" is often shortened as L/C or L.C. and is sometimes referred to as "banker's commercial letter of credit", "banker's credit", "commercial credit" or simply "credit".()

L/C(letter of credit)

A、letter of credit，L/C

B、booking note, B/N

C、bill of lading, B/L

D、sales contract, S/C

A、PI (proforma invoice)

B、S/C (sales confirmation)

C、PO (purchase order)

D、L/C (letter of credit)

The basic procedures of a documentary letter of credit are()

A．opening of the L/C

B．cancellation of L/C

C．amendment of the L/C

D．utilization and settlement

umentary collection.

(10)

A．Our company prefers an L/C to collection.

B．Our company will apply for documentary collection.

C．Our company will apply for either documentary collection or sight letter of credit according to your advice.

D．Our company will adopt neither documentary collection nor letter of credit.

汉译英：“出口许可证；进口许可证；信用证”，正确的翻译为：()

A．import licence; export licence; letter of guarantee

B．export licenee; import licence; letter of guarantee

C．import licence; export licence; letter of credit

D．export licence; import licence; letter of credit

No.123654

d it is most frequently used in the payment against a letter of credit (L/C). It is also used in the open account without any L/C involved.