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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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