The risk of default on the part of the importer is present as soon as

Question

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The risk of default on the part of the importer is present as soon as goods are shipped because at that point, the importer has already committed to buying the goods but has not yet paid for them. If the importer fails to pay for the goods upon receipt, this would constitute a default. The other options (A, C, and D) do not necessarily involve a commitment on the part of the importer and therefore do not pose a risk of default.

The Risk of Default on the Part of the Importer