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  3. Documentary credits are separate transactions from the sales contract with which they are related and Letter of Credit can be di

Documentary credits are separate transactions from the sales contract with which they are related and Letter of Credit can be di

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问题 Documentary credits are separate transactions from the sales contract with which they are related and Letter of Credit can be divided into many kinds depending on the circumstance．A documentary credit may be available by payment，by negotiation or by acceptance．【S1】means that the nominated bank will pay the beneficiary the full amount due once he submits the contract documents required under the credit．Under a【S2】，the beneficiary is given double assurance of payment since the confirming bank has added its own undertaking to that of the opening bank．If a credit can be transferred by the original beneficiary to one or more parties，it is a【S3】．If a credit stipulated that its amount can be renewed without specific amendment to the credit being made，it is then a 【S4】．【S5】are those that cannot be amended or revoked without the consent of all the parties concerned．
【S3】
选项 A、sight credit
B、transferable credit
C、revolving credit
D、back-to-back credit
答案B
解析 可转让信用证(transferable credit)是指特别注明“可转让”字样的信用汪。可转让信用证可应受益人(第一受益人)的要求将信用证的全部或部分转为由另一受益人(第二受益人)兑用。
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