Question
30. Under a___, the exporter is paid once the shipment has been made and the draft is presented to the buyer for payment; under a____,
30. Under a___, the exporter is paid once the shipment has been made and the draft is presented to the buyer for payment; under a____, the exporter provides instructions to the buyers bank to release shipping documents against acceptance, by the buyer, of the draft.
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Sight draft; time draft
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Sight draft; bankers acceptance
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Bill of lading; bankers acceptance
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Modern Financial Markets Prices, Yields, And Risk Analysis
Authors: Mark Griffiths, Drew Winters, David W Blackwell
1st Edition
0470000104, 9780470000106
