Under the confirmed letter of credit the undertaking the confirming bank is
A. in addition to that of the opening bank.
B. in substitution of the undertaking of the opening bank.
C. subject to government policies to the exporter country.
D. none of the above.
Answer:A
Under the confirmed letter of credit the undertaking the confirming bank is
A. in addition to that of the opening bank. B. in substitution of the undertaking of the opening bank. C. subject to government policies to the exporter country. D. none of the above.