The__________ bankis the bank in the importer’s country issuing the letter of credit at the request of the importer.

_____ is usually a bank in the country of the importer.

The principal of collection is usually the importer.

A bank opens an L/C at the request of the importer. It is a (an)（）.

Anticipatory L/C provides financing to the importer.（ ）

The term EXW represents the minimum obligation for the importer.

importer

During the journey from the exporter to the importer, ______ is responsible for insuring the goods. A: the importer B: the exporter C: either the importer or fire exporter D: None of the above.

An exporter sells goods to a customer abroad on FOB and on CIF terms. Who is responsible for the freight charges in each? ( ) A: A. Importer; exporter B: B. Exporter; importer C: C. Importer; importer D: D. Exporter; exporter

Under D/A, documents are ______. A: released to the importer against payment of the bill B: released to the importer against acceptance of the bill C: released to the importer against payment or acceptance of the bill D: released to the importer against acceptance of the sight bill