Confirming bank isa. Bank that adds its guarantee to LCb. Undertaking

1.	Confirming bank isa. Bank that adds its guarantee to LCb. Undertaking responsibility to paunder LCc. Both above
Answer» The confirming bank (Also called the advising bank) undertakes this responsibility on an arrangement (called confirmation) with the importer's bank which issued the letter of credit (called the issuing bank). Confirming bank means the bank that adds its confirmation to a credit upon the issuing bank's authorization or request. The correct option is (c)

Confirming bank isa. Bank that adds its guarantee to LCb. Undertaking responsibility to paunder LCc. Both above

Answer»

The confirming bank (Also called the advising bank) undertakes this responsibility on an arrangement (called confirmation) with the importer's bank which issued the letter of credit (called the issuing bank).

Confirming bank means the bank that adds its confirmation to a credit upon the issuing bank's authorization or request.

The correct option is (c)

Discussion

No Comment Found

Related InterviewSolutions

Possessive NounsThejacketuniform needs to be washed(Bob)Therattle is pink(baby)
DenlcesRead the tollowing line :Forget the buried woes and dead despairsHere, the repetition of the sounddonant sound in quick succession at the beginning of words is ealledples of this kind that oceur in the poem./fends a musieal quality to the line. Suoh repetifióAlliteraticm', Fick órrLook at the ollowing line :The world won't care about your old defeats're, the word "world' refers to the people in the world. It means one thing refers to tnnected with it. This figure of speech is called 'Metomymy'. For example, "The pen isword'Notice the expression ...strain and stresswe notice that both the words 'strain' and 'stress' convey the same meaninhe same meaning is expressed more than once, using different words, which
(рео a brief character sketch of Peter van Daan.
Q. 1. Draw a brief character-sketch of Anil.
Write a brief character sketch of Mr. Arthur Gilman.
Which of the following is not a possessive pronoun(A) ours (B) mine (C) their (D) yours
what is the meaninof betal in biodh
) What is Book-keeping?
6hatHhe meanincatheueHadl thoes thi har that ho i abho bash
DIETARY FOOD SUPPLEMENTNOT FOR MEDICINAL USE

Confirming bank isa. Bank that adds its guarantee to LCb. Undertaking responsibility to paunder LCc. Both above

Discussion

No Comment Found

Related InterviewSolutions

Reply to Comment