WHEN THE EXPORTER FILLS IN THE LETTER CREDIT APPLICATION FORM, IF...

37. When the exporter fills in the letter 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 guarantee 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.