CÂU 50. WHAT DOES PROMPT PAYMENT OF LETTET OF CREDIT DEPEND ON

2. When the exporter fills in the letter of credit application form, if the box “requested”

for the “ Confirmation of credit to the beneficiary” is ticked, what does it mean ?

A. It means the exporter wants the bank in his country merely handle the paperwork

B. It means the exporter wants the bank in his country make the payment itself

and recover the funds from the buyer’s bank

C. It means the exporter is double guaranteed in terms of payment by a third bank

beside the issuing bank and the advising bank

D. It means the confirmation from the issuing bank in terms of payment in case the

buyer defaults