BF3212 Trade, Structured & Supply Chain Finance Homework, NTU, Singapore An Irrevocable Letter of Credit is an Instrument issued by a Financial Institution to Serve as a Means to Achieve one of the Objectives Stated Below

1. An irrevocable Letter of Credit is an instrument issued by a financial institution (henceforth referred to as Issuing Bank) to serve as a means to achieve one of the objectives stated below. a. Assure Applicant that Beneficiary will complete…


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