Across
- 2. A Beneficiary may insist for a ____________ LC when he is not comfortable with the creditworthiness of Issuing Bank
- 8. Under UCP600, ________________LC is not recognised
- 9. __________________ Credit is a Usance LC and it requires Usance Drafts to be drawn under LC
- 10. ISP98 - publication covers rules for ____________ Credits
- 11. LC available by___________allows the beneficiary to receive the payment by negotiating the sight draft & documents at the Nominated Bank
Down
- 1. When documents under an LC can be negotiated only by a nominated Bank, such LC Is called a _____________LC
- 3. A ________________ Letter of Credit is a single credit that covers multiple transactions over a long period of time
- 4. As per UCP600 an LC can only be _____________________
- 5. _____________Payment Credit is a Usance LC but it does not require drafts to be drawn under LC
- 6. Concept of First and Second Beneficiary applies to ______________ Credits
- 7. Back to __________ Letter of Credit is also called a Countervailing Credit