According to UCP500, if a letter of credit does not indicate whether it can be revoked, it can be understood as().
A. revocable
B. at the discretion of the issuing bank
C. irrevocable
D. to be decided by the applicant of the issuing bank
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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
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