Q29 You receive from the issuing bank, a red clause credit which you advise to the beneficiary.

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Q29 You receive from the issuing bank, a red clause credit which you advise to the beneficiary. The credit allows a cash advance of 20%:

(a) Are you obliged to make the advance?

(b) Would it make any difference if you have confirmed the 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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Q29 You receive from the issuing bank, a red clause credit which you advise to the beneficiary.

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Finance Of International Trade

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