Q346
M/s XYZ company has got an order to supply Machinery to M/s ABC Co of Nigeria. Who has to get a Letter of Credit issued from a Bank?
A.
M/s ABC since they are the importers
AnswerB.
M/s XYZ since they are the exporters
C.
Both since they are the parties to the agreement
D.
RBI since they regulate the Foreign Trade in India
Answer: Option A
Solution
Answer: Option A
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