Access International,a British based greeting card company,is interested in importing paper from Canada.Which of these should Access arrange first for the Canadian company to ship the merchandise?

Question

Quizplus · Accepted Answer

A letter of credit is a guarantee from a bank that payment will be made to the Canadian company once the goods are shipped and documents are presented, ensuring security for both parties. This should be arranged first before the Canadian company ships the merchandise to protect both Access International and the Canadian company.

Access International,a British Based Greeting Card Company,is Interested in Importing