With a ________,the exporter retains title and control of the goods until the importer has paid for the goods.

Question

Quizplus · Accepted Answer

A documentary collection is a process where the seller's bank acts as an intermediary to collect payment from the buyer's bank in exchange for shipping documents. The exporter retains control of the goods until the importer pays for them, which is confirmed by the release of the shipping documents by the seller's bank. This provides some security to the exporter in case the importer defaults on payment. Sight and time drafts are types of payment instruments, while a clean bill of lading indicates that the goods have been shipped without damage or discrepancies.

With a ________,The Exporter Retains Title and Control of the Goods