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 the question below, three sentences are given with a part highlighted in bold. From the options, choose the phrase that can replace the highlighted ...
I enjoyed the culture, food and temple visits and decided to coming in India.
Select the most appropriate option that can substitute the Bold segment in the given sentence. If there is no need to substitute it, select āNo substi...
Jharkhand is one such state to which people have remained to return after several big cities composed curbs, night curfews, and lockdowns to tickle the ...
Identify the sentence in which the given phrasal verb is used INCORRECTLY .
Break Down
A. He wore a bright red jacket to break d...
Select the alternative that will improve the bold part of the sentence in case there is no improvement select āNo improvementā.
Unless Ar...
Countries such as Iceland and Norway have the provision to depend almost entirely on hydroelectricity moderation enough for a small population such as ...
The novel is comical but also seek to question traditional family roles.
The novel is comical but also seek to question traditional family roles.
TravelĀ can be great than you get ridden from your schedule and completely go off the grid.
