Foreign commerce trade
State three basic documents which are essential in order to conduct the typical foreign commerce trade? Discuss briefly the purpose of each.
Expert
Three basic documents which are essential in order to conduct typical foreign commerce trade are: time draft, letter of credit, and a bill of lading. Letter of credit (L/C) is a guarantee from the importer’s bank which it will act on behalf of the importer and pay exporter for the merchandise in case all the relevant documents specified within the L/C are presented in accordance with the terms of L/C. Time draft is a written order instructing the importer or his agent, the importer’s bank, to pay amount which is specified on its face on the particular date. Bill of lading (B/L) is the document which is issued by the common carrier specifying that it has received goods for shipment; it can also serve as title to the goods.
It started with the US sub-prime mortgages on housing loans, which became worthless when home owners defaulted on their loans. The housing market promptly collapsed, wiping out Wall Street's revered investment banks and pull
What is Wasting Assets. State briefly in terms of Accountancy?
What is the meaning of Bill and Hold in Accounting? Briefly describe it.
Return on Equity (ROE): The amount of net income returned as a percentage of share-holders equity. The return on equity measures a corporation's profitability by revealing how greatly profit a company produces with the money share-holders encompass in
The goal of this long problem is to validate the turbine performance estimates in specific (XYZ) wind regimes, and estimate its cost. Below is a list of tasks you will need to accomplish, but you are not limited to these if you want to do more:
Evaluate the home country’s multinational corporations as a tool for the international diversification.
Define the term Equipment in Accountancy? Why they are used?
Should obesity be stigmatized? Answer yes or no, summarize the discussion and explain your position.
State the reason for negative synergistic gains for British acquisitions of the U.S. firms?
What are the dimensions of creativity in the Creative Field ?
18,76,764
1945578 Asked
3,689
Active Tutors
1456979
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!