We ( issuing bank ) hereby engage with the drawers , endorsers and bona - fide holders of draft ( s ) drawn under and in compliance with the terms of the credit that such draft ( s ) shall be duly honored on due presentation and delivery of documents as specified 本银行（开证银行）向出票人、背书人及正当持票人保证，凡依本信用证所列条款开具的汇票，在提交时承担付款责任。
“ an uninterrupted series of endorsement ” as referred to in the preceding paragraph denotes that ， in the course of the transfer of an instrument ， the endorsement of the person endorsing the transfer of the bill shall be made by the immediate prior endorsee to acquire the bill 前款所称背书连续，是指在票据转让中，转让汇票的背书人与受让汇票的被背书人在汇票上的签章依次前后衔接。
The term " uninterrupted series of endorsements " as used in the preceding paragraph means that , in the course of negotiation of an instrument , the signature of each endorser negotiating the bill and that of the immediate prior endorsee acquiring the bill shall be the same person ' s 前款所称背书连续，是指在票据转让中，转让汇票的背书人与受让汇票的被背书人在汇票上的签章依次前后衔接。
Article 36 a bill cannot be transferred by means of endorsement when acceptance or payment has been refused or when the time limit for presentation in order to receive payment has expired ， if the bill has been endorsed and transferred ， the endorser shall bear liability for the bill 第三十六条汇票被拒绝承兑、被拒绝付款或者超过付款提示期限的，不得背书转让；背书转让的，背书人应当承担汇票责任。
In the admiralty judicial practice in china , disputes arising from the fact that no bill of lading is surrendered to the carrier for the delivery of the goods have been increasing in the recent years . many uncertainties exist in respect of the rights and obligations of carrier and merchant , mainly because the limited statutory rules in this respect are often conflicting and infeasible 由于解决此类纠纷的法律依据不够充分，有限的法律法规条文不够严谨，既互有矛盾冲突之处，又与实践操作的可行性相脱节，因此在承运人、实际承运人、托运人、提单背书人、收货人等主体之间，缺乏统一的、明确的权利义务划分的界限。
We hereby agree with drawers , endorses and bona fide holders of drafts that all drafts drawn under and in compliance with the terms of this credit shall meet with due honor upon presentation and delivery of documents as specified to the drawee drawn and presented for negotiation not later than may 20 , 2000 本行在此与出票人、背书人和汇票合法持有人达成协议，一旦向付款人出示并交付各种规定的单据，且签发和出示日期在2000年5月20日之前，本信用证项下的所有汇票均会得到及时议付。
