The commercial invoice, bill of lading, and insurance documents must all include the exact description of the goods found in the letter of credit.
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Q15: The UCC requires that banks review documents
Q16: Oral acceptance of a draft is allowed
Q17: The difference between a draft and an
Q18: A documentary draft by terms cash against
Q19: Under Article 48 of the UCP, a
Q21: A bank may honor a letter of
Q22: A banker's acceptance can be discounted and
Q23: The Bill of Exchange Act governs drafts/bills
Q24: If the buyer's or seller's bank stamps
Q25: If a bank discovers a discrepancy in
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