question archive Humber CollegeBMGT 0NB Golfing Inc

Humber CollegeBMGT 0NB Golfing Inc

Subject:ManagementPrice:2.87 Bought7

Humber CollegeBMGT 0NB

Golfing Inc. assembles golf carts that are used on golf course as well as other touristic locations such as resorts and beaches. In recent years, Golfing Inc. has received multiple inquiries from companies based in Cuba for the purchase of their product. In consideration of the contract, Golfing Inc. has requested payments to be made via letter of credit. Furthermore, given the size of the contract, Golfing Inc.'s supplier is seeking a guarantee of future payment. Which of the following will be an ideal type of letter of credit Golfing Inc. should ask for? *

Red clause letter of credit

Transferable letter of credit

Confirmed letter of credit

Revolving letter of credit


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