issuing bank
(1)( ) The issuing bank may cancel the L/C anytime.
(2)( ) The issuing bank should seek permission from the advising bank.
(3)( ) The issuing bank must recall the L/C from the advising bank.
(4)( ) The issuing bank must obtain the consent of the beneficiary.
A.Paying bank
B.Opening/issuing bank
C.Advising/notifying bank
D.Negotiating bank
Time of effectiveness of the amendment for the issuing bank is:
(1)( ) the date of acceptance of the amendment by the beneficiary
(2)( ) the date of issuance of the amendment by the issuing bank
(3)( ) the date of advising amendment by the advising bank
(1)( ) Issuing Bank
(2)( ) Confirming Bank
A.The issuing bank will charge a fee for giving a standby credit letter.
B.The issuing bank will charge no fees for giving a standby credit letter.
C.The issuing bank will amend the standby credit letter if appropriate.
D.The issuing bank will revoke the standby credit letter if appropriate.
Under negotiation credit, the issuing bank make payment to the confirming bank
(1)( ) with recourse.
(2)( ) without recourse.
A.A) issuing bank …… advising bank
B.B) issuing bank …… buyer
C.C) advising bank …… seller
D.D) advising bank…… issuing bank
Will the paying bank send the documents to the issuing bank or to the buyer
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