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WorksheetsMethods
Total questions: 14
Worksheet time: 7mins
What is the most secure payment method for the exporter?
open account
letter of credit
advance payment
bills for collection
What is the least secure payment method for the exporter?
open account
letter of credit
advance payment
bills for collection
What are shipping documents?
bills of exchange
bills of lading
proforma invoices
receipts
What is a D/A transaction?
documents against payment transaction
documents against acceptance transaction
delivered at place transaction
term draft transaction
What is a D/P transaction?
sight bill transaction
documents against payment transaction
documents against acceptance transaction
delivered at address transaction
The issuing bank
is the exporter's bank
is the advising bank
is the importer's bank
is the confirming bank
The confirming bank
pays the importer
pays the exporter
issues the letter of credit
accepts the letter of credit
What is a sight draft?
a draft of a contract
a bill payable at some future time
a bill payable on demand
a bill payable in 30 days
What is a term draft?
a bill payable on demand
a bill payable at some future time
an invoice
a shipping document
What is a bill of lading?
a document of title
a document necessary to board a plane
a bill payable at sight
a bill to land
What is an AWB?
a document of title
a way to board
a railway transportation document
an air transportation document
What does CIF stand for?
detergent
Cost and Freight
Cost, Insurance and Freight
Cost and Insurance
What does FCA stand for?
Free of charge
Free Carrier
Football Champion
Free carriage
What does FOB stand for?
Free alongside the ship
Free board
Free business
Free on board
