• 2022-11-02
    How will an irrevocable L/C become a confirmed irrevocable one? _______.
    A: The applicant submits a completed and signed application to the bank
    B: The bank confirms L/C instructions to be in conformity with the contract
    C: the bank sets a higher deposit rate up to more than half of the contract value
    D: An additional commitment of a second bank in the exporter’s locality is added}}