Question
Which one of the following statements is most correct about the letter of credit? An exporter would prefer an irrevocable letter of credit so that
Which one of the following statements is most correct about the letter of credit?
An exporter would prefer an irrevocable letter of credit so that the terms of credit are not changed without the exporter's consent | ||
An exporter would prefer an unconfirmed letter of credit because it is guaranteed by the exporter's bank | ||
An exporter would prefer a confirmed letter of credit because the exporters government pays shipping costs with a confirmed letter of credit | ||
An exporter would prefer a confirmed letter of credit so that the importer can receive faster deliveries | ||
An exporter would prefer an uconfirmed letter of credit because the issuance fees are lower compared to the confirmed letter of credit |
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