What role does a confirming bank play in a Letter of Credit? 

a. Reviews and approves the documents presented by the beneficiary.

b. Adds its own payment undertaking to the credit, adding an additional layer of security for the beneficiary. 

c. Negotiates the terms and conditions of the Letter of Credit with the buyer and seller. 

d. Provides advice and guidance to the beneficiary on the Letter of Credit process. 

e. a. and c. only

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The detailed answer for the above question is provided below The correct answer is b Adds its own pa... View the full answer