1. We nave opened a confirmed credit in your favour.

2. We have opened a confirmed credit in your favour.

3. We nave opened a confirmed credit in ywe favwe.

4. Under which specific condition that a confirmed credit may become unconfirmed for the full amount without the consent of the beneficiary?

5. Under a confirmed credit, the beneficiary is given double assurance of payment since the confirming bank has added its own undertaking to that of the opening bank.

6. For a confirmed credit, the beneficiary presents directly to the issuing bank. What are the risks?

7. We advise you that the said bank has opened a confirmed credit.