A Letter of Credit Is Issued by the Transport Carrier

question 36

True/False

A letter of credit is issued by the transport carrier to the exporter to prove that merchandise has been shipped.

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Definitions:

Efficient Communication

The exchange of information in a way that is effective and consumes the least amount of resources possible.

Minimum Cost

The least amount of financial expenditure required to achieve a particular objective, often essential for budgeting and financial planning.

Messenger

An individual or service that conveys messages or communicates information between parties.

Encoding

The process of converting information or data into a specific format for efficient processing, storage, or transmission.