Question: The first thing the exporter should do when he receives a letter of credit from a foreign customer is start preparing the shipment. arrange a

The first thing the exporter should do when he

The first thing the exporter should do when he receives a letter of credit from a foreign customer is start preparing the shipment. arrange a sailing on the next available vessel. confirm that he can meet each condition specified in the letter of credit. start planning how he will spend the money from the sale. Question 22 In the global shipping process we identified shipment from the exporter's factory to the port of export as main carriage on carriage pre carriage None of the above. Question 23 TRUE or FALSE: In an international sales transaction it is common to use abbreviated names of the buyer and seller on the required documents.. True False Question 24 TRUE or FALSE: Processing a letter of credit through the banks is expensive and time consuming for both the exporter and for the importer

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