IIBF Trade Finance Practice Questions - IIBF Certificate Examination In International Trade Finance (India) Exam

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Under Article 14(b) of UCP 600, what is the maximum number of banking days afforded to a nominated, confirming, or issuing bank to examine documents and decide whether to honour or refuse?

Three banking days following the day of receipt. Five banking days following the day of receipt. Seven banking days following the day of receipt. Ten banking days following the day of receipt.

Correct Answer:

Five banking days following the day of receipt.

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