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6.Negtiation L/C can fall into open negotiation L/C andrestricted negotiation L/C.
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7. Anticipatory L/C is a kind of safe and usually used L/C in practice.
8.Anticipatory L/C is also called red clause L/C, and seldom used in practice.
9.A bank guarantee is a written promise issued by a bank at the request of its customer, undertaking to make payment to the beneficiary.
10.The negotiation bank can claim its payment back by exercising the right of recourse.(T)
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