题目内容

Which of the following statements is NOT true about remittance? ______

A. It provides highest security to the buyer but not the seller.
B. it is cheaper to use than the other terms of payment
C. It is based on commercial credit , not bank credit.
D. It may impose high risk either to the buyer or to the seller.

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If the exporter finds out mistakes on a received L/C, he should contact the___ at the first place.

A. advising bank
B. importer
C. negotiating bank
D. issuing bank

If there is no specific provision, the draft under a letter of credit should draw on the______

A. advising bank advising bank
B. issuing bank
C. negotiating bank
D. applicant

____A letter of credit which does not indicate whether it is revocable or not is regarded as irrevocable.

____A letter of credit not mentioning it is nontransferable will be seen as transferable.