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The seller has presented the documents correctly, but the buyer is not paying the draft in a documentary collection (dc) transaction. If payment isn't
The seller has presented the documents correctly, but the buyer is not paying the draft in a documentary collection (dc) transaction. If payment isn't forthcoming the bank is responsible to: Remit payment and debit the buyers account Advise the buyer and remit payment to the seller Advise the buyer that they must pay within 30 days Consult URC522 to determine what to do
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Quantitative Analysis For Management
Authors: Barry Render, Ralph M. Stair, Michael E. Hanna
11th Edition
9780132997621, 132149117, 132997622, 978-0132149112
