The bill of exchange used in D/A must be a ().
A. banker's draft
B. time draft
C. banker acceptance draft
D. sight draft
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If the exporter finds out mistakes on a received L/C, he should contact the () at the first time .
A. negotiating bank
B. importer
C. advising bank
D. issuing bank
If there is no special provision, the draft under a letter of credit should draw on the ().
A. Issuing bank
B. applicant
C. advising bank
D. negotiating bank
Once the importer refuses to pay by collection, the () will be responsible for the cargo release, customs clearance, warehousing, and reselling in the importing country.
A. drawee
B. principal
C. importer's bank
D. exporter's bank
A () credit is normally used in processing trade.
A. back to back
B. transferable
C. reciprocal
D. revolving