View source for Archive:Letters of Credit/Activities

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==Activity==
1.    As the exporter, you have just received a confirmed transferable letter of credit. What are the characteristics of this type of letter of credit?<br>

2.    As the exporter, you have just received a confirmed standby letter of credit. What are the characteristics of this type of letter of credit  and when will you use it?<br>

3.    As the importer, you have applied to your bank to issue a non-transferable irrevocable letter of credit. What are the characteristics of this type of letter of credit?


[[Category:International Business]]