QUESTION 73 OF 90 This question may have more than one correct answer Letter of credit issuance involves application by the applicant issuance by the issuing bank fund transfer from importer to exporter In case of default, the issuer of performance guarantee undertakes to perform as per the contract to pay as per the guarantee When the supplier is super strong in negotiating and agrees to ship the goods only after the receipt of payment. What kind of payment terms ae agreed upon? Advance Remittance Bills under collection. Documentary Credit Open Account Banks should normally refrain from issuing guarantees on behalf of customers who: also have a banking relationship with another bank are not our customers do not enjoy credit facitities with us Under bills for collection buyers bank undertakes to pay confirming bank undertakes to pay none of the above A) \& B) both