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  1. roseriver1012's Avatar
    • Member Info
      • Native Language:
      • Chinese
      • Home Country:
      • China
      • Current Location:
      • China

    • Join Date: Dec 2009
    • Posts: 273
    #1

    a letter of credit in our favour

    White intends to order some products from Smith, which is the background. Here is part of the conversation below:

    White: When will the goods reach me? Smith: We could ship your order within ten days upon receiving your payment.
    White: So yo require payment in advance? Smith: Yes. You could transfer the payment into our bank account or open a letter of credit in our favor.


    ​What does the underlined part mean? Thanks for help.

    • Member Info
      • Native Language:
      • English
      • Home Country:
      • England
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      • England

    • Join Date: Jun 2010
    • Posts: 24,514
    #2

    Re: a letter of credit in our favour

    Click here.

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