Securing Guarantee for Payment
Trending Questions
Q.
The document containing a guarantee of a bank to honour drafts drawn on it by an exporter is
Letter of Hypothecation
Letter of Credit
Bill of Lading
Bill of exchange
Q.
What is a letter of credit?
Q.
It is guaranteed, that the letter issued by the import's bank stating that it will honour the report bills to the bank of the exporter on to a certain account. Identity the document.
Q.
State the importance of bill of lading.
Q.
What is trade credit suitable for?
Q. What is the difference between Letter Of Credit and Bank Guarantee? Explain.
