If shipment is made under a forfaiting draft, the exporter is paid once shipment has been made and the draft is presented to the buyer for payments.

Name: If shipment is made under a forfaiting draft, the exporter is paid once shipment has been made and the draft is presented to the buyer for payments.
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Question

Quizplus · Accepted Answer

In forfaiting, the exporter is paid upfront by selling their receivables to a forfaiter, who then assumes the risk of collecting payment from the buyer.

If Shipment Is Made Under a Forfaiting Draft, the Exporter