Question: L/C is available with by Case 1: L/C is available with ANZ Bank by negotiation........ 1. What is ANZ called in this example? 2. What

L/C is available with by Case 1: L/C is available with

L/C is available with by Case 1: L/C is available with ANZ Bank by negotiation........ 1. What is ANZ called in this example? 2. What is negotiation? 3. May Beneficiary present docs to ANZ to obtain payment? Advantages? 4. May Ben present docs to BOA directly (as Issuing bank) to obtain payment? Advantages? 5. May Ben present docs to VCB (a third bank) to obtain payment? Advantages? Advantages? 6. Does ANZ have to negotiate a complying presentation for the Ben

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