5. 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 this 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 fund from buyer’s bank
C. It means that the exporter is double guaranteed in term of payment by a third bank
beside the issuing bank and the advising bank.
D. It means the confirmation from the issuing bank in term of payment in case the
buyer defaults
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