Electronic Communications/Assessment

Assessment
{The changes in technology have required international businesses organizations to -rely solely on internet communications. -maintain requirements for hard copies only. -watch and observe the changes from the sidelines. +adapt their guidelines to internet communications.
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{The eUCP provides banks with guidelines to -use electronic Incoterms for international transactions. +electronically communicate and transmit documents for documentary collections. -electronically communicate common business practices. -use electronic methods of payment for international transactions.
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{When issuing documents for a letter of credit, freight forwarders must ensure the +comply perfectly with the letter of credit. -arrive at the bank immediately. -arrive at the buyer’s office immediately. -comply with the wishes of the seller.
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{The standard messaging system used by banks around the world is known as -EBanking. -ESystem. +SWIFT. -SWEAT.
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