Question
An LC which authorises the Advising Bank, to transfer,
at the request of the First Beneficiary the credit available in whole or in part to one or more other beneficiaries ( Second Beneficiaries) is known as _______Solution
A transferable credit is one that can be transferred by the original (first) beneficiary to one or more second beneficiaries. Unless specifically stated anLC is not transferable i.e. the LC is deemed to be transferable only if it is stated to be ‘Transferable’ in the LC. Second beneficiary has no right to transfer to third beneficiary
Choose the appropriate option to arrange the sentences in the correct order to form a meaningful paragraph.
A-To defend conservative values,
...A. outstanding loans by September 2018, so the end
B. to continue to rise to as high as 11.1% of total
C. to the bad loans mess seems nowh...
Given below are six sentences, out of which sentences A and F are in the correct position. Sentences B, C, D and E are in a jumbled order. Select the op...
Which of these should be the SECOND sentence after rearrangement?
Which of the following would be the FIRST statement after rearrangement?
1. With such a passive attitude, the very
P. to one that is inferior you will begin to
Q. moment you pass from a superior environment
...Which of the following would be FIFTH the statement after rearrangement?
Choose the appropriate option to arrange the sentences in the correct order to form a meaningful paragraph.
A-It requires physical endurance, whi...
Which sentence should come first in the paragraph?
Which of the following is the last (sixth) sentence if the passage?
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