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  • 2021-04-14
    Applicant completes a Letter of Credit Application which is set of instructions telling the issuing bank what needs to be included in the letter of credit.
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    • Upon finding discrepancies, the issuing bank must send a waiver of discrepancy to the applicant of the letter of credit under UCP600.( )
    • 中国大学MOOC: Application for any amendment to a letter of credit should be given to the issuing bank by the beneficiary.
    • The__________ bankis the bank in the importer’s country issuing the letter of credit at the request of the importer.
    • Which of the following statements about the bank credit is wrong? A: Bank credit is always regard as indirect credit. B: Bank credit is always regarded as short-term credit. C: Bank credit is always direct credit. D: Bank credit is always long-term credit.
    • If a seller finds any discrepancies in the letter of credit against the sales contract, whom should he write to asking for an amendment() A: the issuing bank B: the advising bank C: the applicant D: the negotiating bank

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