Finance

Which of these parameters is incorrect?

• Instrument of payement

• Cash payment

• The payment term

• Payment guarantee

• Currency

Letter of credit standby is an international method of payment?

• Yes

• No

What is the safest payment for an importer

• Letter of credit

• Consignment

• Documentary collections

• Cash in advance

• Open account

What is the safest payment for an exporter

• Letter of credit

• Consignment

• Documentary collections

• Cash in advance

• Open account

In return for these documents, the beneficiary receives payment from the financial institution that issued the letter.

(a)  

Name a means of payment or a risk

(a)  

Which of these following statements is not How a Letter of Credit Works

• Sale Contracts

• Document Release

• Verification by the bank

• A copy of Shipment Documents

• Presentation of Documents at the bank

Which of these statements

• The exporters entrust the collection of a payment to the remitting explorer's bank

• A revocable letter is inadvisable as it carries many risk for the exporter

• More competitive based on better availability and faster delivery of goods and reduce the costs all logistic

• D/Cs involve using a draft that requires the importer to pay or on a specified date

• gg

(a)   is the possibility that the exporter seller will not be paid by its foreign customer. Fill the blank

Boycotts, economic sanctions, embargoes, civil wars, labour disputes or cancellation of imports permits are all __ risk

• Country risk

• Commercial risk

• Political risk

• Legal risk

• Human risk