UCP600 provides that if a letter of credit does not indicate whether the letter of credit is transferable, it can be understood as().
A. non-transferable
B. transferable
C. it's up to the beneficiary
D. at the discretion of the issuing bank
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UCP600 stipulates that the number of times a transferable letter of credit is transferred is().
A. there is no clear provision
B. only once
C. once or more
D. unlimited
In actual business, which of the following is called "red clause letter of credit"?()
A. Standby letter of credit
B. Advance letter of credit
Confirmed letter of credit
Documentary credit
The counter back letter of credit is opened on the basis of the original letter of credit, which must have a letter of credit of ().
A. irrevocable
B. at will
C. revocable
D. transferable
According to UCP500, each letter of credit must specify the period of validity. If the validity period of a letter of credit is "one month" or "six months", but does not specify when to start, then it should be understood as starting from ().
A. date of bill of lading
B. L/C opening date
C. the date on which the letter of credit is advised
D. presentation period of documents