Including the draft , differed payment l / c , the relationship between l / c issuing bank , negotiating bank and forfaitor and how to understand " without recourse " 包括汇票、延期付款信用证项下的福费廷业务、开证行、包买行和议付行关系以及对“无追索权”的理解等。
Forfaiting is a financial instrument . the forfaitor buys draft or promissory note , which is usually accepted by exporter ' s bank , from importer without any recourse 福费廷又称“买断”或“票据包买” ，是指包买商从出口商处无追索权地买入已经承兑的、并通常由进口商所在地银行担保的远期汇票或本票。
For transaction concluded , payment is to be made by a confirmed , irrevocable , divisible & assignable letter of credit without recourse , payable by a sight draft against the first presentation of shipping documents to the negotiation bank here 凡有成交，付款方式为保兑的、不可撤销的、可分割与可转让的、无追索权的信用证，向议付行交单即付。
By confirmed , irrevocable l / c without recourse in favour of cosco for the total value of the contracted goods in poundssterling , payable at sight against presentation of shipping documents to the bank of china in the port of loading 保兑的不可撤消的无追索权的以中国远洋运输公司为受益人的信用证，合同货物全部货款为英镑，凭即期汇票并附运输单据向装运港的中国银行议付。
Unless otherwise agreed to by seller , payment is to be made against sight draft drawn under a confirmed , irrevocable , divisible and assignable letter of credit without recourse for the full amount , established through a first class bank acceptable to the sellers 除得到卖方同意者外，买方应通过卖方所能接受的第一流银行开立保兑的、不可撤消的及无追索权、可分割、可转让的全部货款凭即期汇票支付的信用证付款。
Payment ： by 100 confirmed ， irrevocable ， without recourse l / c ， in favor of the seller ， available by sight draft ， allowing transshipment and partial shipments ， valid for negotiation in china until the 15th . day after the date of shipment the buyer is requested always to quote in the l / c the number of this contract and the names of the commodity in accordance herewith 付款条件：凭以卖方为受益人的、 100保兑的、不可撤销的、无追索权的、可以转运及分批发运的即期信用证，议付期延至装运日期后第15天在中国到期.买方在信用证上请填注本合同号码，货物名称要按照本合同规定
By 100 % confirmed & irrevocable l / c without recourse , available by draft at sight , to be opened in our favour , to reach us not later that dec . 15 for shipment at any chinese ports , allowing transhipment & partial shipment and to remain valid for negotiation in china till 10th day after the month of shipment contracted 以银行保兑的、不可撤销的、无追索权的、以我方为受益人的即期信用证付款，信用证最迟于12月15日前到达我方，应允许转船和分批装运，从中国口岸启运，并规定于装船月后十天在中国议付有效。
It has the remarkable characters of the limited recourse or without recourse and financing besides the balance sheet . it can avoid the trouble to get the domestic credit and to finance from the international capital market for the capital - intensive project . so it has much attraction for these large - scale projects of infrastructure of power plant , highway , railway , airport , water plant and the long distance transmission pipe , etc . which urgently needs to invest and at the same time be limited by the shortage of the capital Bot投资方式具有项目融资的典型特征， bot项目是项目融资的一种特定方式，它具有有限追索权或无追索权和资产负债表外融资等显著特征，可以避开国内信贷的困难，从国际金融市场上为资本密集型投资项目筹集资金，因而对于亟需加大投入、而又受到资金短缺制约的电厂、公路、铁路、机场、水厂及长距离输水管道等大型基础设施项目具有很大的吸引力。
