Knock, Knock...
-Who’s there?
-interrupting cow
-interrupti—
-MOOOOO
I'm assuming single means non-married, in that case your max repayment would be $1,250
Answer:
ABC is the BENEFICIARY under the letter of credit and will be paid under a standard letter of credit AFTER ABC DELIVERS TO THE BANK THE BILL OF LADING AND ANY OTHER DOCUMENT SPECIFIED UNDER THE LETTER OF CREDIT.
Explanation:
A letters of credit (LC) is issued by the buyer's bank to the seller's bank in order the guarantee the payment for a foreign commerce transaction. The payment s competed after the seller provides the documents needed to prove the delivery of the goods.
