A company has an export transaction with the payment term D/P at 15 days after sign. Assuming the documents mailing period is 7 days, and the date of collection is July 1st (without considering the reasonable working hours of the bank). The date of acceptance is

July 1st

July 8th

July 15th

July 22nd

A company has an export transaction with the payment term D/P T/R at 15 days after sight. Assuming the documents mailing period is 7 days, and the date of collection is July 1st (without considering the reasonable working hours of the bank). The date of payment is

July 1st

July 8th

July 15th

July 22nd

The bank in buyer's country in collection arrangement is

remitting bank

collecting bank

opening bank

confirming bank

In international export practice, in case we conclude a CFR or FOB contract, unless otherwise agreed, we must give the buyer notice that the goods have been delivered on board the vessel, as to enable them to ( ) in time.

arrange shipment

cover insuarance

take delivery

open L/C

The payer of a draft used in collection is the

drawer

drawee

payee

creditor

The CIF contract is a typical "document transaction" or "()"

dependent transaction

physical delivery

symbolic delivery

arrival contract