A confirmed irrevocable letter of credit ____________ .
A: carries the confirmation of the issuing bank
B: always involves at least two banks
C: is issued by the advising bank
D: creates the highest level of security against sovereign risk
A: carries the confirmation of the issuing bank
B: always involves at least two banks
C: is issued by the advising bank
D: creates the highest level of security against sovereign risk
举一反三
- Confirmation of a credit may be given by____________. A: the beneficiary at the request of the importer B: the advising bank at the request of the issuing bank C: the advising bank after the receipt of correct documentation D: the issuing bank after the receipt of correct documentation
- 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
- 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
- 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
- The letter of credit is issued by A: a exporter B: an importer C: a bank D: a ship company