1 The issuing bank does not know whether it is liable under a sight or usance credit....

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1 The issuing bank does not know whether it is liable under a sight or usance credit.

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Finance Of International Trade

ISBN: 9780750659086

1st Edition

Authors: Eric Bishop

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Question Posted: Oct 18, 2024 09:00 AM

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1 The issuing bank does not know whether it is liable under a sight or usance credit.
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2 Our confirmation is withdrawn.
2 If the credit is confirmed, the confirming bank has to consider that it could still be liable under a sight credit.
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1 The issuing bank does not know whether it is liable under a sight or usance credit....

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Finance Of International Trade

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