Letters of Credit/Assessment

Assessment
{A confirmed letter of credit includes a -funds transfer in US Dollars only. -a request for only a draft and commercial invoice. -a freely negotiable credit for the seller. +second bank's promise to pay upon complying document presentation.
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{Unless otherwise stated, all letters of credit are considered -revocable. -confirmed. +irrevocable. -transferable.
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{A transferable letter of credit allows the beneficiary to transfer the _____________ to a secondary beneficiary. +letter of credit -funds -documents -liability
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