Question
A ___________ is a type of letter of credit which
authorises the Advising Bank, to transfer the credit available to one or more other beneficiaries at the request of the original b eneficiary?Solution
A transferable credit is one that can be transferred by the original (first) beneficiary to one or more second beneficiaries. Unless specifically stated an LC 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
Which of the following statement is/are correct?
i) E and T like same Car
ii) R sits second to the right of Q
iii) C is ...
Which of the following Colour is liked by G?
Four out of five combinations are related to each other in some way and thus form a group, which of the following combination is odd among all?
...Who site second to the right of E.
Who sits exactly between D and F?
Six D, E, F, G, H and I are sitting in a row facing north (not necessarily in the same order). Only three person are sitting between G and E. G is not a...
How many persons sits between E and B when counted anticlockwise from E?
How many seats are there around the table?
How many persons are sitting around the circular table?
Which of the following is correct?
I) P Visit Delhi
II) The one who visit Mumbai sits third to the left of S
III) U sits fif...
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