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
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