Under a red clause credit, the onus of repayment of the advance lies with the applicant.
举一反三
- In actual business, which of the following is called "red clause letter of credit"？（） A: Standby letter of credit B: Advance letter of credit C: Confirmed letter of credit D: Documentary credit
- The red clause credit is often used as a method of ( )
- 中国大学MOOC: The red clause credit is often used as a method of ( )
- “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
- Upon finding discrepancies, the issuing bank must send a waiver of discrepancy to the applicant of the letter of credit under UCP600.( )