When there is a 100% transfer of the credit amount and no substitution is to occur, the necessity to present the documents of the second beneficiary to the transferring bank is negated.
如果信用证是100%的转让而且不出现替换单据的话，就排除了第二受益人的单据提交给转让行的必要性。
2
The beneficiary was required to ship the goods by sea (and present a bill of lading) or by air (and present an air transport document).
要求受益人通过海运装运货物(并提交提单)或通过空运(并提交航空运输单据)。
3
All of China's present methods concerning the flowing of Trust beneficiary right have the defects of "low efficiency with high cost".