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      Question

      In an irrevocable LC, which party has the primary

      payment obligation to the exporter?
      A Applicant Correct Answer Incorrect Answer
      B Advising Bank Correct Answer Incorrect Answer
      C Confirming Bank Correct Answer Incorrect Answer
      D Issuing Bank Correct Answer Incorrect Answer
      E Negotiating Bank Correct Answer Incorrect Answer

      Solution

      In irrevocable LC, issuing bank is primarily liable for payment if conditions are met.

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