单选题 An irrevocable documentary credit gives the beneficiary greater assurance of payment; however, he remains dependent on an undertaking of a foreign issuing bank. The issuing bank irrevocably commits itself to honour the exporter"s draft and / or documents provided that the stipulated documents are presented and all the stipulations of the documentary credit are compiled with. The irrevocable documentary credit cannot be cancelled/modified without the express consent of the issuing bank, the confirming bank (if any) anti the beneficiary.

单选题 The beneficiary is independent of an undertaking of the foreign issuing bank even though he can get some assurance of payment by an irrevocable documentary credit.

单选题 On condition that the documents required are presented and all the provisions of the documentary credit are followed, the issuing bank revocably commits itself to honoar the draft.

单选题 The irrevocable documentary credit cannot be cancelled if the issuing bank does not grant clear consent.