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Which of the following is an advantage (or Pro), to the seller, of using a documentary draft (the documentary draft process being referred to as
Which of the following is an advantage (or "Pro"), to the seller, of using a documentary draft (the documentary draft process being referred to as a "documentary collection")? a. The documentary draft is riskier for the exporter/seller. b. The bank's role is limited and they do not guarantee payment. c. The process is simple, fast, and less costly than letters of credit d. Banks do not verify the accuracy of the shipping documents. 2. The decienentary deaft a rinker for the exporteriseller. it llanks da not serify the accuracy of the dhipsing documents
Which of the following is an advantage (or "Pro"), to the seller, of using a documentary draft (the documentary draft process being referred to as a "documentary collection")? a. The documentary draft is riskier for the exporter/seller. b. The bank's role is limited and they do not guarantee payment. c. The process is simple, fast, and less costly than letters of credit d. Banks do not verify the accuracy of the shipping documents.
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