Question: V Read the case and answer questions below. COLLECTION INSTRUCTION WHEN CORRESPONDING NO.......... PLEASE QUOTE OUR REF. Dear Sirs: We enclose the following drafts/documents as

V Read the case and answer questions below.

V Read the case and answer questions below. COLLECTION INSTRUCTION WHEN CORRESPONDING NO.......... PLEASE QUOTE OUR REF. Dear Sirs: We enclose the following drafts/documents as specified hereunder. Please follow instructions indicated herein. Mail to: Special Instructions: (See box marked Issy") X Deliver documents against acceptance Deliver documents against payment All collection charges are to be borne by the drawee. x Do not Protest Protest for Non-payment Non-acceptance cable advice of x Non-acceptance Non-payment x Waive or I do not waive charges if refused. In case of need refer to Credit our account with proceeds. Questions: (1) What is the terms for delivery of documents in this case? (2) What's the main function of "Case-of-Need" under collections. Please give some examples to illustrate. (3) What does "waive charges if refused" mean

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