Answered step by step
Verified Expert Solution
Question
1 Approved Answer
5 : ExpressMeal received an order from its Vietnamese client. He offered to pay in 90 days after the date of expedition via a bank
5 : ExpressMeal received an order from its Vietnamese client. He offered to pay in 90 days after the date of expedition via a bank transfer from its bank in Vietnam, while ExpressMeal requested a payment by Confirmed L/C to be paid 30 days from the date of reception of the goods. ExpressMeal Owner is eager to start his first deal in this new market, and his client shows the same interest. Rate the risks exposure of each party (5 pts) Suggest a method of payment acceptable by both parties. Avoid extreme solutions (like advance payment, open account) and L/C. (3 points) Justify your suggestion (3 points)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started