Access International, a British based greeting card company, is interested in importing paper from Canada.Which of these should Access arrange first for the Canadian company to ship the merchandise?
A)Letter of credit
B)Bill of Lading
C)Time draft
D)Sight draft
E)Way bill

Question

Quizplus · Accepted Answer

A letter of credit is a financial document issued by a bank that guarantees payment to the exporter upon fulfilling the terms of the agreement, providing security for both the buyer and the seller before the shipment is made.

Access International, a British Based Greeting Card Company, Is Interested