APPROACH TO FOREIGN TRADE: Froms Of Credit: Documentary Credit may be either 1. Revocable 2. Irrevocable. Revocable Credit: A revocable Credit is a credit which can be amended or...
APPROACH TO FOREIGN TRADE: While Lodgment of the Import Documents: Immediately Upon receipt of import documents the L/C Opening Bank examines all the documents thoroughly to ensure that the terms and conditi...