Question
Which of the following types of documentary credit
allows the beneficiary (exporter) to receive payment even if the documents do not comply with the exact terms of the credit?Solution
A revocable letter of credit allows the terms and conditions to be modified or canceled by the importer (buyer) or issuing bank without the beneficiary's consent. This can result in the exporter being paid even if the documents do not fully comply with the letter of credit terms, as long as the changes are acceptable to the involved parties.
In each of the questions below, a sentence is given with two blanks that indicate that some parts are missing. Identify the correct pair of words that...
It is possible to plug into remote databases to ____________ information.
The Oscar ___________ actress has been torn to shreds by the media and public for her altered face.
In each of the following sentences there are two blank spaces. Below each sentence five pairs of words are given. Find out which pair of words can be f...
(A) The scientist's theory was met with ____________ from the academic community.
(B) The ____________ of the committee was crucial for the proje...
fill in the blank with the most appropriate word.
India can become a corruption free nation only when ….. the citizens…. Rules and regulati...
Select the correct option for the blank.
He has been preparing for the examination ______ the past six months with complete dedication.
Instead of addressing the issue directly, he tried to _______ and avoid the difficult conversation.
The government has enacted legislation to __________ a fine and three-year imprisonment for all references that imply the _________ of the Polish nation...
In the following questions, a sentence is given with two blanks. Identify the correct pair of words that fit in the sentence to make it grammatically a...
