Question: In a term documentary collection: * The draft is payable to the drawee by the remitting bank upon acceptance. The shipping documents will be released
In a term documentary collection: * The draft is payable to the drawee by the remitting bank upon acceptance. The shipping documents will be released to the drawee by the presenting bank upon acceptance of the draft. The shipping documents will be released to the drawer by the presenting bank upon acceptance of the draft. The draft is payable to the drawer by the remitting bank upon acceptance. In which of the following method of payments, risk to the exporter completely relies on importer's payment schedule? * Irrevocable documentary credit Sight documentary collection Consignment Open account Both c and d O f) None of the above
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