• 2021-04-14
    International factoring can bring advantages to both importer and exporter, and the greatest one is that O/A and D/A terms can be accepted by the exporter and the importer because the risk has been passed onto the factor.
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      (passage) 2. Why is an inquiry important to an exporter? A: Because it’s a way for the importer to ask the exporter if he can supply the goods. B: Because it often builds a new and perhaps very valuable business relationship. C: Because a great number of business trades start with an inquiry.

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      In international trade, the commission is usually collected by ___________. A: the exporter B: the importer C: the insurance company D: the intermediary

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      Convert the hints into several letters as follows:1.A letter from the exporter to the importer offering 3 000 pieces silk carpet together with some other useful information.2.A letter from the importer to the exporter pointing out that the price quoted is too high and asking for a reduction by 10%.3.A letter from the exporter to the importer accepting his counter-offer.4.A letter from the exporter to the importer declining his counter-offer.

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      The exporter can receive the payment only when________.() A: he has shipped the goods. B: he has presented the documents. C: the importer has taken delivery of the goods. D: the documents presented comply with the credit terms.

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      In factoring like L/C the importer and exporter should first sign the __________. A: B/L B: Draft C: P/N D: S/C