Other questions in this quiz

2. LC that guarantees payment to beneficiary on non-payment applicant

  • stand by lc
  • red clause lc
  • back to back lc
  • transferable lc

3. Bank guarantee is revocable

  • false
  • true

4. Bank guarantee is an undertaking by the buyer for making payment on time

  • false
  • true

5. LC that covers multiple shipments for a period

  • red clause lc
  • transferrable lc
  • revolving lc
  • back to back lc

Comments

No comments have yet been made

Similar Business Management resources:

See all Business Management resources »See all cbo resources »