What is a letter of credit?
A) A letter which agrees to provide credit for the purchaser.
B) A letter issued by the importer's bank, guaranteeing payment.
C) A list of the particulars of the shipment and the payment to be made.
Correct Answer:
Verified
Q1: Which of the following is NOT true?
A)
Q2: Which of the following is NOT a
Q3: What is the main problem in determining
Q4: What is meant by service level?
A) The
Q5: Which of the following is NOT a
Q6: What is meant by the commitment-trust theory?
A)
Q8: Which of the following statements is true?
A)
Q9: Which of the following is NOT true?
A)
Q10: What is a tramp steamer?
A) A ship
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