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In the case of a non-cumulative revolving documentary credit available for USD10,000.00 per month an

d valid for six months, which of the following statements is correct？

A. The face value of the credit is USD10,000.00.

B. The face value of the credit is USD60,000.00.

C. The amount (s) not utilised in one month may be carried over to the next.

D. The total undertaking of the Issuing Bank is USD60.000.00.

(1)( ) A and C only (2)( ) A and D only

(3)( ) B and C only (4)( ) B and D only

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