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.
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