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If the reimbursement authorization is silent, who is responsible for the reimbursing bank charges?
(1)( ) the Reimbursing Bank (2)( ) the Confirming Bank
(3)( ) the Issuing Bank (4)( ) the beneficiary
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(1)( ) the Reimbursing Bank (2)( ) the Confirming Bank
(3)( ) the Issuing Bank (4)( ) the beneficiary
(1)( )revocable. (2)( )irrevocable.
Under a claim for reimbursement at sight, there are two kinds as follows:
(1)()A claim for reimbursement at sight in the form of a teletransmission
(2)( )A claim for reimbursement at sight in the form of an original letter
(3)( )A claim for reimbursement at sight in the form of a sight draft
Reimbursement undertaking in its character is
(1)( )revocable. (2)( )irrevocable.
According to time of claim for reimbursement, there are two kinds as follows:
(1)( )A claim for reimbursement at sight
(2)( )A claim for reimbursement on a fixed future date
(3)( ) A claim for reimbursement at a tenor
(1)( )latest date for presentation of a claim including any usance period.
(2)( )terms and conditions of the Undertaking.
(3)( )the letter of credit expiry date.
(4)( )party to pay the Reimbursement Undertaking fee, if other than the issuing bank.
Reimbursement Undertaking Equivalent to Confirmation.
(1)( ) True.
(2)( ) False.
(1)( ) parties responsible for charges.
(2)( ) a requirement for a certificate of compliance from the Claiming Bank.
(3)( ) additional amounts payable and tolerance, if any.
(4)( ) credit number.
(1)( ) Issuing Bank
(2)( ) Confirming Bank
In Reimbursement Authorization, the issuing bank should not have the following requirements:
A. Certificate of compliance
B. Parties responsible for charge
C. Sight draft (s)
D. Time draft (s)
(1)( )A, B only (2)( )A, C only
(3)( )B, D only (4)( )C, D only