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.
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