IF THE PRICE IS QUOTED FOB SINGAPORE, WHO PAYS FOR THE INSURANCE AND F...

Câu 1:

If the price is quoted FOB Singapore, who pays for the insurance and freight?

A. The exporter.

B. The buyer.

C. The forwarding agent.

D. The confirming bank.

Cau 2

What happens first when a bank resuses to pay under a letter of credit?

A. The bank will cite a “discrepancy”, some aspect of the documemtation that is not in line

with the terms of the credit.

B. A check - list of commonly cited discrepancies will be used by bank.

C. The exporter will have to re-submit their shipping documents.

D. The exporter must contact the buyer asking the buyer to instruct the issuing bank to

extend the date of the credit.