2 When that insurance is in place, the cotton buyer is asked to establish an irrevocable documentary

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2 When that insurance is in place, the cotton buyer is asked to establish an irrevocable documentary credit or credits in favour of the countertrader, valid for 2 years.

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Finance Of International Trade

ISBN: 9780750659086

1st Edition

Authors: Eric Bishop

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Question Posted: Oct 18, 2024 09:00 AM

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2 When that insurance is in place, the cotton buyer is asked to establish an irrevocable documentary credit or credits in favour of the countertrader, valid for 2 years.
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1 The UK exporter arranges insurance against possible non-delivery of cotton by the African state industry and assigns the insurance cover to the countertrader.
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2 When that insurance is in place, the cotton buyer is asked to establish an irrevocable documentary

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Finance Of International Trade

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