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Match the correct payment method with the correct disadvantage - A. B. C. Letter of credit - A. B. C. Open Account - A. B.
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Match the correct payment method with the correct disadvantage
- A. B. C. Letter of credit
- A. B. C. Open Account
- A. B. C. Cash in advance
A. A risky payment option for importers. There is a risk of goods not being shipped, or lower quality products being received that have already been paid for.
B. There is no guarantee for payment.
C. if strict documentary requirements are adhered to, the transaction is put on hold/at risk.
Question: 2.
The use of Incoterms for trade in services greatly reduces the number of issues to be negotiated by the parties.
True
False
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