Question

What is the purpose for a letter of Credit vs. Bill of Lading?

What is the purpose for a letter of Credit vs. Bill of Lading?

Homework Answers

Answer #1

Please rate it at the end thank you so much

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Terms of a/an ________ cannot be changed without prior consent from all parties Revocable letter of...
Terms of a/an ________ cannot be changed without prior consent from all parties Revocable letter of credit Ordered bill of lading Straight bill of lading Sight draft Irrevocable letter of credit
What are the purposes of a bill of lading? Give examples of the types of clauses...
What are the purposes of a bill of lading? Give examples of the types of clauses which might be included
QUESTION A bill of lading sometimes abbreviated as B/L or BOL, is a document issued by...
QUESTION A bill of lading sometimes abbreviated as B/L or BOL, is a document issued by a carrier (or their agent) to acknowledge receipt of cargo for shipment. Although the term historically related only to carriage by sea, a bill of lading may today be used for any type of carriage of goods. A comprehensive article on Bill of Lading Bills of lading are one of three crucial documents used in international trade to ensure that exporters receive payment and...
DEFINE AND DISCUSS the Bill of Lading in modern commerce era of maritime industry.
DEFINE AND DISCUSS the Bill of Lading in modern commerce era of maritime industry.
A documentary draft is typically accompanied by a             a.        bill of lading in negotiable form...
A documentary draft is typically accompanied by a             a.        bill of lading in negotiable form             b.        commercial invoice             c.        insurance certificate             d.        all of the above
What is engagement letter in audit? What is its intended purpose?
What is engagement letter in audit? What is its intended purpose?
In an annual report, who writes the letter to shareholders and what purpose is served by...
In an annual report, who writes the letter to shareholders and what purpose is served by the letter?
what is the purpose of the foreign tax credit
what is the purpose of the foreign tax credit
What is the difference between a loan commitment and a letter of credit? A. A loan...
What is the difference between a loan commitment and a letter of credit? A. A loan commitment is a promise made by a bank that allows a customer to borrow up to a specified maximum for the remaining time of the commitment. The bank normally charges a commitment fee and a fee for any unused portion of the commitment. B. Letters of credit are insurance policies sold for a fee that state that the bank will pay in event of...
MagNet is a U.S. company based in Utah. It is negotiating to sell $4 million worth...
MagNet is a U.S. company based in Utah. It is negotiating to sell $4 million worth of computer goods to a French company. What would be the best means for payment for MagNet? A. Using a contract. B. A traveler's check C. Bill of lading. D. Letter of credit.
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT