The issuing bank should be located in the importer’s country, while the advising bank should be located in exporter’s country.()

ify them before claiming on the Reimbursing Bank. This notice is de- fined as ______. If a pre-notification of a claim is required by the Issuing Bank, this information must be contained in the credit to indicate the requirement for pre-notification of a reimbursement claim to Issuing Bank and number of days which the Issuing Bank has to be notified.

Which of the following is necessary to amend an L/C？

(1)( ) Agreement among the issuing bank, confirming bank and beneficiary.

(2)( ) Agreement among the issuing bank, reimbursing bank and beneficiary.

(3)( ) Agreement among the issuing bank, applicant and beneficiary.

(4)( ) Agreement among the issuing bank, advising and beneficiary.

Will the paying bank send the documents to the issuing bank or to the buyer

Will the paying bank send the documents to the issuing bank or to the buyer

The banks on the buyer's side on L/C arrangement are( ).

A. issuing bank B. advising bank

C. negotiating bank D. paying bank

the advising bank. What is the option available to the issuing bank？

(1)( ) The issuing bank may cancel the L/C anytime.

(2)( ) The issuing bank should seek permission from the advising bank.

(3)( ) The issuing bank must recall the L/C from the advising bank.

(4)( ) The issuing bank must obtain the consent of the beneficiary.

provide it with notice of when they will be debiting the Issuing Bank's account to pay a reimbursement claim. This notice is defined as ______. This requirement is placed in the Reimbursement Authorisation and in the credit to indicate the requirement for pre-debit notification from the Reimbursing Bank to the Issuing Bank and number of day within which the issuing bank has to be notified.

Time of effectiveness of the amendment for the issuing bank is:

(1)( ) the date of acceptance of the amendment by the beneficiary

(2)( ) the date of issuance of the amendment by the issuing bank

(3)( ) the date of advising amendment by the advising bank

A．The issuing bank will charge a fee for giving a standby credit letter.

B．The issuing bank will charge no fees for giving a standby credit letter.

C．The issuing bank will amend the standby credit letter if appropriate.

D．The issuing bank will revoke the standby credit letter if appropriate.

A.confirmed

B.documentary

C.clean

D.usance

Under negotiation credit, the issuing bank make payment to the confirming bank

(1)( ) with recourse.

(2)( ) without recourse.