Company W received an irrevocable sight L/C from abroad. When preparing to ship the goods according to the stipulations of the letter of credit, Company W suddenly gets a notice from the Opening Bank saying that the Applicant has become bankrupt.

Answer the following questions:

1. Can the company ABC ask the opening bank to pay the cargo with the L/C under the situation? ( 2 points )
2. How can the company ABC deal with the unexpected event? ( 2 points)