What do we call an agreement whereby an issuing Bank at the request of the Importer (Buyer) undertakes to take payment to the exporter (Beneficiary) against stipulated documents?
A.Letter of Credit
B.Bill of entry
C.Letter of Exchange
D.Bill of exchange
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What do we call an agreement whereby an issuing Bank at the request of the Importer (Buyer) undertakes to take payment to the exporter (Beneficiary) against stipulated documents?
A.Letter of Credit
B.Bill of entry
C.Letter of Exchange
D.Bill of exchange
_____________
Answer- Option-C
A.Letter of Credit
B.Bill of entry
C.Letter of Exchange
D.Bill of exchange
_____________
Answer- Option-C
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