Want to know:
149. The issuing bank of a sight documentary credit issues an indemnity to a shipping company authorizing the release of goods to the importer prior to presentation of documents. Documents subsequently received are discrepant. What action must the issuing bank take?1. Seek agreement from the shipping company to cancel the indemnity.2. Send a rejection notice to the presenting bank.3. Approach the applicant for a waiver of the discrepancies.4. Pay the presenting bank.a) 2 only.b) 4 only.c) 1 and 4 only.d) 2 and 3 only.
Get a detailed, AI-powered explanation for this question and thousands more on StudyFetch.
Get the Answer for FreeHow StudyFetch Helps You Master This Topic
AI-Powered Answers
Get instant, detailed explanations powered by AI that understands your course material.
Deep Understanding
Go beyond surface-level answers with step-by-step breakdowns and examples.
Personalized Learning
Spark.E adapts to your learning style and helps you connect ideas.
Practice & Test
Turn any question into flashcards, quizzes, and practice tests to solidify your knowledge.
Explore More Questions
- Which of the organs listed do NOT contain lymphatic nodules?
- Match the event with the person responsible for authorizing the event/actionAttend a sporting event on the Yard during Study PeriodA)BATTOB)Company CO/SELC)CCD)SL
- True or False: Humans are composite beings with three parts: Body, soul and mind