Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

One trading company in China exported 1000 M/T beans to Australia, the L/C opened by importer stipulated that: Partial shipment is prohibited. As a result,

One trading company in China exported 1000 M/T beans to Australia, the L/C opened by importer stipulated that: Partial shipment is prohibited. As a result, the company in China shipped 500 M/T captioned goods on the same vessel at the same journey in Dalian and Qingdao separately, meanwhile, the B/L has marked different loading port and loading date.

Question: 

Do you think the export company breaches the L/C? Please list your reason.


Step by Step Solution

3.44 Rating (151 Votes )

There are 3 Steps involved in it

Step: 1

Answer in given case a china based company exported 1000MTbut when letter of credi... 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

Business

Authors: Willian M Pride, Robert J. Hughes, Jack R Kapoor

10th Edition

324829558, 978-0324829556

More Books

Students also viewed these Accounting questions

Question

=+a) What are the factors they are testing?

Answered: 1 week ago