题目内容
An L/C is an unconditional undertaking of the issuing bank to make payment in complying presentation.
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Bankers take no undertaking of payment in collection.
If a credit is subject to UCP 600 and doesn't indicate whether it is irrevocable or not, it is a revocable L/C.
In international trade, clean collection is more frequently used than documentary collection.
If the remittance is made by a banker's demand draft, this payment is based on bank credit.
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