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    Question

    In the context of documentary credit, which of the

    following is typically considered a "compliant document"?
    A A sales contract between the buyer and seller. Correct Answer Incorrect Answer
    B A certificate of origin indicating the goods' country of manufacture. Correct Answer Incorrect Answer
    C A promissory note issued by the buyer. Correct Answer Incorrect Answer
    D A letter of credit from the buyer’s bank. Correct Answer Incorrect Answer
    E A personal guarantee from the buyer. Correct Answer Incorrect Answer

    Solution

    A compliant document in documentary credit refers to the documents specified in the letter of credit that must be presented by the exporter to receive payment. A certificate of origin is one of these documents that certifies where the goods were produced and is often required under the terms of a letter of credit.

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