The way in which the seller pays for the goods for to be loaded on board the ship, but does not pay the freight and insurance the right term is ( )
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which of the following one provides the highest level of protection and security to both sellers and buyers engaged in international trade ( )
A. payment in advance
B. documentary L/C
C. documentary collection
D. documents against acceptance
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
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