Which of the following allows the bank issuing a letter of credit to modify the terms of the letter only after obtaining the approval of both exporter and importer?
A) Revocable letter of credit
B) Confirmed letter of credit
C) Bill of lading
D) Irrevocable letter of credit
Correct Answer:
Verified
Q59: Which of the following is NOT a
Q60: An offset agreement differs from a counterpurchase
Q61: Which of the following is a method
Q62: Which of the following is NOT a
Q63: Which of the following requires the importer
Q65: Which of the following is a contract
Q66: The _ payment method is commonly used
Q83: A _ joint venture is formed when
Q107: A document ordering the importer to pay
Q123: When an exporter ships merchandise and later
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