Question
Under which type of Letter of Credit (LC) is advance
payment allowed to the beneficiary before shipment?Solution
A Red Clause LC allows the beneficiary (exporter) to receive advance payment before shipping goods. It supports procurement or production ahead of dispatch and is useful in international trade finance.
Which city in Uttar Pradesh is famous for its glass industry?
- Which of the following food and carbohydrate pairs is incorrectly matched?
Which organization has announced plans to develop an integrated network of around 10,000 kilometers of optic fiber cables (OFC) infrastructure across In...
With which state government did Tata Power sign an MOU to expand its renewable energy footprint?
Recently, India successfully test-fired the Vertical Launch Short Range Surface to Air Missile (VLSRSAM) at which place?
When is Global Family Day celebrated?
Who won the Paris Diamond League 2025 with a throw of 88.16m?Â
Kumbh Mela and Sangam are famously celebrated in which state of India? Â
Who is the newly appointed Director General of the Inter-Services Intelligence (ISI) in Pakistan as of September 2024?
Which country hosted the 3rd Summit for Democracy?
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