The principal is usually the importer
举一反三
- The principal in D/C is normally the importer in the transaction.
- The principal of collection is usually the importer.
- ______ (usually the importer) , ________ (usually the exporter), issuing bank and advising bank are the 4 fundamental parties.
- Once the importer refuses to pay by collection, the ( ) will be responsible for the cargo release, customs clearance, warehousing, and reselling in the importing country. A: drawee B: exporter's bank C: importer's bank D: principal
- Payment in advance usually takes place when the importer has not long been established.