Documentarv credits are separate transactions from the contract of sales with which they are related.In documentary credits 46 are concerned only with documents,and their decision whether or not to pay,accept or negotiate under a credit depends solely on whether the documents presented confirm to the terms and conditions in the 47.When the beneficiary submits documents that contain discrepancies or errors,the banks will reject the documents and return them to the 48 for resubmission after corrections.Seen from a different perspective,even if the importer becomes bankrupt after the shipment,the beneficiary is entitled to payment by the issuing bank as long as he is able to present the correct 4 9 stipulated in the credit.That banks deal only with documents and not performance of the 50 is key to the operation of documentary credits.
46.
A.sellers
B.buyers
C.banks
D.carriers
47.
A.sales contract
B.credit
C.shipping order
D.bill of lading
48.
A.a(chǎn)pplicant
B.beneficiary
C.opening
D.importer
49.
A.money
B.drafts
C.bills
D.documents
50.
A.contract of sales
B.credit
C.bill of lading
D.booking note