Silent confirmation is an arrangement made between: (1)() Beneficiary and Advising Bank (2)() Is
Silent confirmation is an arrangement made between:
(1)( ) Beneficiary and Advising Bank
(2)( ) Issuing Bank and Advising Bank
Silent confirmation is an arrangement made between:
(1)( ) Beneficiary and Advising Bank
(2)( ) Issuing Bank and Advising Bank
(1)( ) Agreement among the issuing bank, confirming bank and beneficiary.
(2)( ) Agreement among the issuing bank, reimbursing bank and beneficiary.
(3)( ) Agreement among the issuing bank, applicant and beneficiary.
(4)( ) Agreement among the issuing bank, advising and beneficiary.
2) If the Bank requests that an electronic record be re-presented:
(1)the time for examination is suspended and ______ when the presenter re-presents the electronic record; and
(2)if the Nominated Bank is not the Confirming Bank, it must provide the Issuing Bank and any Confirming Bank with ______ of the request for re-presentation and inform it of the suspension; but
(3)if the same electronic record is not re-presented within ______ calendar days, the Bank may treat the electronic record as not presented.
(1)( ) To be irrevocable, operative credit must be issued.
(2)( ) True.
(3)( ) False.
(4)( ) Pre-advice is not acceptable in UCP.
(1)( ) Transferable credit
(2)( ) Red clause credit
(3)( ) Irrevocable credit payable at sight
(4)( ) Confirmed Irrevocable credit
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