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The bank on the buyer’s side in collection arrangement is the ____.

A. remitting bank
B. collecting bank
C. opening bank
D. notifying bank

InstituteCargoClauses__________________________

Your L/C calls for an insurance amount for 130% of the invoice value. ____ We would request you to amend the insurance clause.

A. The Case Being it
B. The case is like this
C. Such being the case
D. Such is the case

Thank you for your remittance of US $ 2,150.00 ____ the 70% freight due under Invoice No.22B/96.

A. of paying
B. pay for
C. for payment for
D. in payment of