If the remittance is made by a banker's demand draft, this payment is based on bank credit.
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If the exporter finds out mistakes on a received L/C, he should directly contact the issuing bank.
A. 对
B. 错
For a confirmed credit, the confirming bank holds the same liability as the issuing bank.
A. 对
B. 错
In D/A, the collecting bank will first accept the draft and then provide the documents to the importer.
A. 对
B. 错
Under collection, though the seller collects payment through banks, it is not guaranteed that he will receive the money as collection is still based on commercial credit.
A. 对
B. 错