Short Answer
If the exporter believes the political and commercial risks are not sufficient to require a letter of credit,the exporter may agree to payment on a ______ draft basis,which is less costly to the buyer.
Correct Answer:
Verified
documentary
Explanation: If the exporter...View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Correct Answer:
Verified
Explanation: If the exporter...
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q61: Once in export markets, new exporters tend
Q62: A confirmed letter of credit guarantees payment
Q75: What are the most common mistakes made
Q76: The Incoterm acronym for carriage paid to
Q77: For exporters,which of the following is the
Q78: In CIF (cost,insurance,freight,named destination port),the seller quotes
Q81: The U.S.government agency that provides loans,guarantees,and insurance
Q82: The Incoterm acronym CIP (named place of
Q84: Once the firm knows that a potential
Q85: Freight forwarders' responsibilities include all except<br>A) booking