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【单选题】
A Swiss Bank issued a credit and an Indonesian Bank negotiated it and gave value to the beneficiary. After the negotiation the negotiating Bank claimed reimbursement and received the funds from the reimbursing bank. The issuing bank did not receive the documents and then found that they were lost in transit. The issuing bank requested the negotiating bank to refund the funds, please look at the following points of view which is correct. ( )A.
Issuing bank undertakes to pay the beneficiary upon receipt at its counters of conforming documents.
B.
Risk of documents lost in transit passed from the beneficiary to the issuing bank when conforming documents were accepted by the nominated bank or by the negotiating bank in a freely negotiable credit, the issuing bank must honor complying documents even if they are lost in transit.
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