Iip301 quiz 3 part 1 - Study guides, Class notes & Summaries

Who has to deposit to open exporting L/C? Select one: a. The seller b. The advising bank c. The buyer d. The issuing bank a Availability refers to the availability of funds to the beneficiary (seller) after presentation of documents under the credit. Each of the forms of payment availability must be specified in the original credit and be accepted by the ___________. Select one: a. issuing bank b. exporter c. importer d. advising bank b In a documentary credit transacti...