Letter of Credit
Authored by Rythm Training
Business
Professional Development
Used 12+ times
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2 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Letter of Credit is
An undertaking issued by importer to make payment on due date
An undertaking issued by importer's bank to make payment subject to the terms and conditions
An undertaking issued by exporter's bank to recover payment subject to complying presentation
An undertaking issued by a third bank to make payment on due date
2.
OPEN ENDED QUESTION
1 min • Ungraded
Beneficiary of a documentary credit should do two things to get paid. Mention the two things
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