If shipment is made under a forfaiting draft, the exporter is paid once shipment has been made and the draft is presented to the buyer for payments.

Name: If shipment is made under a forfaiting draft, the exporter is paid once shipment has been made and the draft is presented to the buyer for payments.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Forfaiting involves the exporter selling their receivables to a forfaiter at a discount, receiving payment upfront, not waiting for the buyer to pay.

If Shipment Is Made Under a Forfaiting Draft, the Exporter