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157. Which of the following statements is correct when an assignment of proceeds has been effectedunder a documentary credit issued in accordance with UCP 600?a) A assignee must present complying documents to receive payment.b) B assignee will receive payment of the proceeds directly from the applicant.c) C value of the documentary credit is reduced by the amount of the assignment.d) D beneficiary has assigned its rights to the stated amount of proceeds to the assignee.

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