Comment on the following statements: i) There are universally acceptable norms as to the form of export contracts. ii) There are no difference between revocable and irrevocable letter of credit and confirmed letter of credit. iii) Post shipment credit in foreign currency is not provided to Indian exporter. iv) Under the Bareboat charter, the ship-owners do not let out the bare ship for a period of time.

Comment on the following statements:
i) There are universally acceptable norms as to the form of export contracts.
ii) There are no difference between revocable and irrevocable letter of credit and confirmed letter of credit.
iii) Post shipment credit in foreign currency is not provided to Indian exporter.
iv) Under the Bareboat charter, the ship-owners do not let out the bare ship for a period of time.

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