Question: The basic problem in assessing different forms of export financing is how to distribute risks between the exporter and the importer. Explain the following export

The basic problem in assessing different forms of export financing is how to distribute risks between the exporter and the importer. Explain the following export financing documents in this respect:

(a) the time draft;

(b) the sight draft;

(c) the confirmed, revocable letter of credit;

(d) the confirmed, irrevocable letter of credit;

(e) cash before delivery;

(f) cash on delivery;

(g) consignment;

(h) open-account credit.

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