WHAT IS THE TRANSFERABLE CREDITA. IT’S A KIND OF CREDIT WHICH ALLO...

21. What is the transferable credit

A. It’s a kind of credit which allows the exporter to transfer his right as the

credit’s beneficiary to any third party.

B. It’s a kind of credit which allows the first beneficiary to request the

confirming bank to pay a third party

C. It’s a kind of negotiating document with which the exporter can endorse for

any third party

D. It’s a kind of credit with which the buyer will not necessarily know who is the

actual supplier of the goods.