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
A: drawee
B: exporter's bank
C: importer's bank
D: principal
举一反三
- 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.
- If the instructions are D/P, the importer's bank will release the documents to the importer only against payment.
- A letter of credit is issued by a bank at the request of an exporter and then sent to the importer's bank.
- The__________ bankis the bank in the importer’s country issuing the letter of credit at the request of the importer.
- ______ (usually the importer) , ________ (usually the exporter), issuing bank and advising bank are the 4 fundamental parties.