Question: VI Read the following invoice and related L/C and then answer the following questions. (22%) 1. What are the characteristics of this credit? (at

VI Read the following invoice and related L/C and then answer the

VI Read the following invoice and related L/C and then answer the following questions. (22%) 1. What are the characteristics of this credit? (at least four kinds) (4%) 2. What is the date of the issuance, expiry date, time of shipment and the time for the presentation of the documents? (4%) 3. What kind of documents are required under this credit and how much of them are required respectively? (4%) 4. Fill in the draft for the payment under this L/C. (10%)

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Characteristics of LC credit 1 Negotiability Normally letters of credit are negotiable The beneficiarys designated bank as well as any other banks are both required to be paid by the issuing bank Simi... View full answer

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