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

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

Quizplus · Accepted Answer

A time draft means the exporter is paid at a specified future date after the draft is accepted by the buyer, not immediately upon shipment.

If Shipment Is Made Under a Time Draft, the Exporter