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  3. 1/ illustrate the definition of documentary collec

1/ Illustrate the definition of documentary collections and give an example to explain when this kind...

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General Management

1/ Illustrate the definition of documentarycollections and give an example to explain when this kind ofpayment terms may be used in international trade settlement.

2. Illustrate the relationship among theexporter, the importer, the issuing bank and the confirming bankunder L/C transactions.

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1 Documentary collection is when the banks act as a collecting agent for the exporter and importer wherein the exporters bank provides to the importers bank the details of the shipped merchandise and collects the payment from the importer bank on behalf of    See Answer
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