Question: Hello dear tutor, it will be great help if you answer this questions A Canadian importer has been asked by his trade partner (Exporter) to
Hello dear tutor, it will be great help if you answer this questions
A Canadian importer has been asked by his trade partner (Exporter) to do the payment in advance. What would be your suggestion to the importer to cover the risk of non-shipment by the exporter? * Ask for a bid Guarantee from the exporter equal to the amount of transaction. Ask for a standby L/C from the exporter equal to the amount of transaction. Ask for a bank Guarantee from the exporter equal to the amount of transaction. Both a and b Both b and c All of the above
A Canadian project management company has concluded a business contract the government of an African country to design and build a petrochemical plant, both parties have agreed to use documentary L/C as the method of payment. The Canadian PM company ask a part of total amount of project to be paid to them in advance. The African officials agree to pay partial amount of L/C, but they prefer to do alll the payments under one L/C, what type of L/C you will suggest to be used for this transaction? * Back-to-Back L/C Evergreen Clause L/C Red Clause L/C Green Clause L/C
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