In an advance payment terms in international transactions, the risk is borne by the exporter and not the importer.

Name: In an advance payment terms in international transactions, the risk is borne by the exporter and not the importer.
Brand: Quizplus
Rating: 5.0 (35 reviews)

Question

Quizplus · Accepted Answer

In advance payment terms, the importer bears the risk because they pay for the goods before they are shipped or received, leaving them vulnerable if the exporter does not fulfill their part of the deal.

In an Advance Payment Terms in International Transactions, the Risk