Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Describe some definitions in international business and how each of them connect to one another. The concepts which require definition and then relation to one

Describe some definitions in international business and how each of them connect to one another. The concepts which require definition and then relation to one another are. How they are connected to one another.

Documentary sale

Seller Bank--Exporters Bank

Buyers Bank--Importers Bank

INCO Term

Transfer of Risk of Casualty Loss vs. Transfer of Title

Ocean Carrier [usually a container ship or a tanker depending on cargo ]

Surface [land] carrier

Comprehensive General liability Insurance [ and the endorsement which covers liability for surface casualty as opposed to marine casualty ]

Marine Insurance [covers casualty associated with the ocean voyage ]

Step by Step Solution

3.58 Rating (162 Votes )

There are 3 Steps involved in it

Step: 1

International trade presents a spectrum of risk which causes uncertainty over the timing of payments between the exporter seller and importer foreign buyer For exporters any sale is a gift until payme... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Organic Chemistry

Authors: Joseph M. Hornback

2nd Edition

9781133384847, 9780199270293, 534389511, 1133384846, 978-0534389512

More Books

Students also viewed these Chemistry questions