Question
Yoyo Ltd is a UK company which is selling some goods to Marcos Co, an Australian company. The parties have agreed that a letter of
Yoyo Ltd is a UK company which is selling some goods to Marcos Co, an Australian company. The parties have agreed that a letter of credit should be used in relation to this contract
With regard to the role of the parties and their banks, which of the following statements is accurate?
A.The importer and the issuing bank are in the UK, the exporter and the advising bank are in Australia
B.The exporter and the issuing bank are in the UK, the importer and the advising bank are in Australia
C.The exporter and the advising bank are in the UK, the importer and the issuing bank are in Australia
D. The importer and the advising bank are in the UK, the exporter and the issuing bank are in Australia
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