Negotiating bank may claim reimbursement by T/T on the Bank of China New York branch certifying that the credit terms have been complied with。
议付行证明本信用证条款已履行,可按电汇索偿条款向中国银行纽约分行索回货款。
2
The reimbursement obligation under a credit, as outlined above, is not subject to the receiving of documents by the issuing bank, but only to a compliant presentation being made to the nominated bank.
如上所述,信用证项下的偿付责任不以开证行收到单据为条件,而是以相符交单提交到指定银行为条件。
3
This fund is generated from borrowers' payment of a "credit rate" fee and is used to diversify risk in the form of a reimbursement to lenders in the event of a late payment or payment default.