In an Export\import Transaction Requiring a Letter of Credit (L\C),the

question 43

True/False

In an export\import transaction requiring a letter of credit (L\C),the exporter's (seller's)bank can be known as the "advising" bank,the "confirming" bank,or both.

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Definitions:

Further Processing

Additional processing or manufacturing operations performed on a product to enhance its value before final sale.

Capacity

The maximum level of output that a company can sustain to produce goods or services under a given set of conditions.

Net Loss

The amount by which total expenses exceed total revenues in a company during a specific period, indicating a financial loss.

Discontinue

To discontinue means to stop producing, selling, or providing a product or service, often permanently.