Since a draft (or a bill of exchange)is a legal document in the importing country,the courts in the importing country would consider non-payment by an importer as a domestic issue.
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Q13: Documentary collections are more cumbersome and expensive
Q14: An irrevocable letter of credit cannot be
Q15: A date draft goes into effect at
Q16: In a letter of credit,the creditworthiness of
Q17: A date draft transaction solves one of
Q19: The responsibilities of the presenting bank in
Q20: Because some of their cash must be
Q21: Among country risks in international trade are
Q22: The importer's bank is called the
A) applicant.
B)
Q23: The majority of transactions issued in the
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