Financial and Legal Costs/Assessment

Assessment
{Letter of credit fees are +negotiable, but extensive. -not negotiable and extensive. -too high to pay no matter what the risk. -very reasonable and easy to absorb.
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{The cost for a documentary collection is less expensive than a letter of credit because the bank -does not transfer the funds. -does not transfer the documents. -does not exchange the currency. +does not assume any risk.
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{Export credit insurance rates are based on -the country of origin and company bankruptcy rates. +the country of destination, company risk and value of credit. -the laws of the countries involved in the transaction. -the contract written and signed by the buyer and seller.
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{Letter of credit fees are generally -paid for by the applicant. -paid for by customs. +shared by the applicant & beneficiary. -paid by the freight forwarder.
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