(1)( ) Issuing Bank
(2)( ) Confirming Bank
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.
(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.
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
(1)( ) the Reimbursing Bank (2)( ) the Confirming Bank
(3)( ) the Issuing Bank (4)( ) the beneficiary
Under negotiation credit, the issuing bank make payment to the confirming bank
(1)( ) with recourse.
(2)( ) without recourse.
Sight credits mean that the issuing bank effects payment or negotiation immediately upon receipt of the drafts and/or other documents that are in conformity with the credit stipulations.( )