Multiple Choice
Neptune Corp. is exporting for the first time to Australia and has contracted with Pinkerton Imports in Melbourne for an initial order valued at $110,000. Neptune Corp. wants Pinkerton Imports to secure a document from a Melbourne bank that indicates the bank will pay Neptune Corp. $110,000 upon presentation of specified documents by the exporter. What document is Neptune Corp. asking for?
A) bill of lading
B) time draft
C) letter of credit
D) sight draft
E) bill of exchange
Correct Answer:
Verified
Correct Answer:
Verified
Q37: Countertrade is a form of<br>A) licensing.<br>B) dumping.<br>C)
Q38: Most small firms actively seek opportunities for
Q39: A company would hire a freight forwarder
Q40: When a time draft is drawn on
Q41: When a bill of lading specifies that
Q43: Which institution within the U.S. Department of
Q44: One characteristic of exporting that many first-time
Q45: In terms of using a third party
Q46: Deli-Lite has a contract with a foreign
Q47: Briefly describe the different forms of government-backed