CÂU 50. WHAT DOES PROMPT PAYMENT OF LETTET OF CREDIT DEPEND ON

27. Which is the most appropriate method of payment for the exporter in the following

case ?

A contract for supply cloth worth $5,000 per month to the government Oceanea – a

prosperous country. Duration of the contract is 2 years, but renewable. Contract

represents 0.5% of turnover.

A. open account with no security

B. open account with bank guarantee

C. open account with export credit insurance

D. Export credit insurance is advisable . Selling on open account with no security

at all is also possible.