The bank that is responsible for inspecting the documents to be sure they are in order,remitting payment to the seller,and negotiating the documents to the buyer is called:
A) issuing bank.
B) negotiating bank.
C) advising bank.
D) lading bank.
Correct Answer:
Verified
Q25: The type of letter of credit issued
Q26: In a global trade transaction seller would
Q27: Bills of exchange are governed in the
Q28: A holder in due course rule,where a
Q29: The type of letter of credit that
Q31: A draft due at a future date
Q32: Which of the following institutions does not
Q33: An international draft is an order from
Q34: Suppose that an issuing bank pays on
Q35: When the Seller's bank guarantees payment under
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents