Which of the following term of payment would be conducted by bank’s credit( )
A. L/C
B. T/T
C. D/D
D. Collection
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Buyer’s request for additional coverage could be accepted on condition that someextra premium is for ( )
A. the seller’s
B. the buyer’s
C. the insurer’s
D. the insured
Which one of the following term have to be stated on the contract except for( )
A. original place of product
B. commodity description
C. term of payment
D. term of shipment
If the exporter finds the mistakes on the received L/C, he should contact the( )at the first place.
A. advising bank
B. importer
C. negotiating bank
D. issuing bank
A customer who is from Bangladesh(which is an extremely poor and unsafety country) makes the term of payment as 100% L/C at sight, the Chinese exporter accepts the term of payment , additionally he adds one condition, he intends to sell the goods with CIF price. He thinks that is another safeguard for this deal for his side.Firstly, please introduce CIF trade term?Secondly, please state why the exporter thinks CIF condition is a safeguard for his side?