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
A: advising bank
B: negotiating bank
C: issuing bank
D: commerce bank
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.
- 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
- 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
- “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
- 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