With an unconfirmed irrevocable letter of credit, ___________.
A: the terms and conditions can be amended or cancelled unilaterally by any party
B: only the exporter can amend the credit
C: the advising bank transmits details without commitment to the beneficiary
D: the issuing bank has the ability to cancel the credit at any time
A: the terms and conditions can be amended or cancelled unilaterally by any party
B: only the exporter can amend the credit
C: the advising bank transmits details without commitment to the beneficiary
D: the issuing bank has the ability to cancel the credit at any time
举一反三
- The ( ) refers to the bank that is responsible for payment of the proceeds under a letter of credit if the terms and condition of the credit are complied with. A: advising bank B: negotiating bank C: issuing bank D: commerce bank
- As long as the documents presented by the beneficiary are in complete compliance with the terms and conditions of the credit, the issuing bank or the bank nominated by the credit shall fulfill the undertaking to pay, accept or negotiate.( )
- If a seller finds any discrepancies in the letter of credit against the sales contract, whom should he write to asking for an amendment（） A: the issuing bank B: the advising bank C: the applicant D: the negotiating bank
- “We hereby agree with the beneficiary that all draft drawn under and/or documents presented hereunder will be duly honored by us provided the terms and conditions of the Credit are complied with...”. In the clause, “we”are ( ). A: issuing bank B: advising bank C: applicant D: beneficiary
- 中国大学MOOC: Application for any amendment to a letter of credit should be given to the issuing bank by the beneficiary.