Describe some definitions in international business and how each of them connect to one another. The concepts

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Describe some definitions in international business and how each of them connect to one another. The concepts which require definition and then relation to one another are. How they are connected to one another.

Documentary sale

Seller Bank--Exporters Bank

Buyers Bank--Importers Bank

INCO Term

Transfer of Risk of Casualty Loss vs. Transfer of Title

Ocean Carrier [usually a container ship or a tanker depending on cargo ]

Surface [land] carrier

Comprehensive General liability Insurance [ and the endorsement which covers liability for surface casualty as opposed to marine casualty ]

Marine Insurance [covers casualty associated with the ocean voyage ]

Posted Date: Oct 06, 2021 04:26 AM

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Describe some definitions in international business and how each of them connect to one another. The concepts

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International trade presents a spectrum of risk which causes uncertainty over the timing of payments between the exporter seller and importer foreign buyer For exporters any sale is a gift until payme... View the full answer

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