哪位高手能帮我翻译成中文?(信用证方面)(3)

Seller now has the complete set of documents needed, and takes these documents to Seller’s Bank, which (as a confirming bank) is obligated to pay seller the contract price upon presentation of the documents; and in the letter of credit the banks have promised to honor such a draft. The draft (sometimes also called a “bill of exchange”) resembles a check written by seller and drawn on Seller’s Bank, Buyer’s Bank or buyer itself for the amount of the contract price. A draft can be payable on demand (“at sight”) in a cash sale, or payable at a later time (e.g. “30 days after sight”) in a credit sale. Thus, the banks will either pay the amount of a demand draft, usually by crediting seller’s bank account, or “accept” (promise to pay later) a time draft. In the latter case, seller can still raise funds immediately by selling the paper on the strength of the bank’s credit.

Seller’s Bank never sees the goods, only the documents—so the bank inspects the documents rigorously to dete

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