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Archive:Letters of Credit/Activities

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Revision as of 21:24, 4 May 2009 by wikademia>Wikademia (moved Letters of credit related activities to Letters of Credit/Activities over redirect)

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?

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?

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?

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