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?

Question

TuteeHUB · Accepted Answer

M/s XYZ since they are the exporters

TuteeHUB · Answer

M/s ABC since they are the importers

TuteeHUB · Answer

Both since they are the parties to the agreement

TuteeHUB · Answer

RBI since they regulate the Foreign Trade in India

1.	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
B.	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» B. M/s XYZ since they are the exporters

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