17-4、LetterofCredit(L/C)2Teachingobjectivesoushouldbeabletomaster:edittcreditedititofpayment37.1Definitionofletterofcreditofcreditisawrittenundertakingbyabank(issuingbank)giventotheseller(beneficiary)atthe,andontheinstruction,ofthebuyer(applicant)topayatsightoratadeterminablefuturedatestatedsumofmoney,withinaprescribedtimelimitandagainststipulateddocumentswhichmpliedwiththetermsandconditions...