Which of the term of payment need to be conducted by bank’s draft( )
A. M/T
B. collection
C. L/C
D/D
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When ( ) happens the party that fails to perform the contract is allowed to relieve liabilities to non-performance.
A. War
B. world market price goes up
C. manufacture fault
D. currency devaluation
As to the seller, the risk of D/P, D/A and L/C can be arranged(from great to small) as the following: ( )
A. D/A,D/P and L/C
B. L/C,D/P and D/A
C. D/P,D/A and L/C
D/A, L/C and D/P
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 ( )
A. FOB
B. FCA
CFR
D. CIF
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