Methods of Payment/Assessment

Assessment
{As an exporter requesting Cash against documents for the payment terms on their international transaction. The exporter is not required to include a _____________________ along with the export documents. -shipper’s export declaration +bill of exchange -commercial invoice -packing list
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{A letter of credit reduces credit risk to the exporter by -allowing the exporter to ship any product they have available to the importer once the letter of credit is received. -requiring the importer to pay all of the banking charges for the letter of credit. -allowing the importer to accept more than they ordered and that is identified in the letter of credit. +requiring the importer to pay should the exporter comply exactly with the terms and conditions of the letter of credit.
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{Open account payment terms is the best option for an international transaction -in every situation and in every market. -only when the importer is a new company. +when a long-term relationship has been established. -when the exporter has been doing business for many years.
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{Cash in advance or prepayment provides reduced risk to the -importer -broker -banks +exporter.
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