单选题 A revocable documentary credit is issued in favour of the beneficiary in accordance with the instructions of the "applicant "and gives the buyer maximum flexibility, since it can be amended, revoked or cancelled without the beneficiary"s consent and even without prior notice to the beneficiary tap to the moment of payment by the bank at which the issuing bank has made the documentary credit available. The revocable documentary credit involves risks to the beneficiary since the documentary credit may be amended or cancelled while the goods are in transit and before the documents am presented, or...

单选题 According to the order of the applicant, an irrevocable documentary credit is issued in favor of the beneficiary.

单选题 However, the applicant in such a case incurs some risk.

单选题 The buyer in this case can get the largest flexibility since the revocable documentary credit can be revoked without prior notice to the beneficiary up to the moment of payment by the bank at which the issuing bank has made the documentary credit available.