The biggest risk for an importer in a business transaction is that he may not _____
A. get the goods he ordered
B. be able to pay for the goods
C. get the trust of the exporter
D. find a suitable means of payment
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2.Which of the following terms of payment is safe for both importers and exporters?
A. T/T in advance
B. L/C
C. D/P
D/A 30 days
Why do so many importers and exporters prefer to use T/T as their payment method?
A. It is cheap and safe
B. It is cheap and profitable
C. It is cheap and quick
D. It has no advantageous compared with other methods of payment
D/P at sight requires _____
A. immediate payment after documents being presented to the importer
B. payment after 30 or 60 days
C. payment made by the bank
D. payment made by the shipper
If the payment method is D/A 30 day safter sight, which of the following statement is not true?
A. The importer can get the shipping documents as long as he promises to pay within 30 days
B. The importer doesn’t need to pay when the documents being presented to him
C. The importer can get the cargo as long as he accepts a 30 days draft drawn upon him
D. The importer won’t get the cargo until he makes payment
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