Analyze the following bill of exchange and provide responses

Assignment Help Supply Chain Management

Reference no: EM133320286

Question: Analyze the following bill of exchange and provide responses to the questions following. All questions are specific to this bill of exchange.

Drawn under documentary credit number
Date November 15th 2022 For $51000.00 CAD
At 10 Days Sight Pay this SOLE of Exchange
To the order of First Traders Inc.
The sum of fifty-one thousand CAD dollars
For value received
To: South Interest Inc. For and on behalf of
Lima, Peru First Traders Inc.
A. Panera
Identify the drawer:Identify the drawee:
Identify the tenor:Identify the remitter:
Identify the acceptor:
Has this draft been issued for payment on demand, at a fixed date, or at a future determinable date?
How is this known?
Is this draft being used in a collection transaction or letter of credit transaction? How, is this known? (2 reasons)
If this bill of exchange is used in a documentary collection transaction, would it be D/P or D/A? ?
What is the due date of this bill of exchange?
If this bill of exchange is used in a clean collection transaction, what documents will the bank receive from the seller?
If this bill of exchange is used in a clean collection, will the seller have constructive control of the shipment? Why or why not?
If the buyer refuses to pay this bill of exchange who will pay it?
How many bills of exchange will be issued for this transaction? How is this known?
If this bill of exchange is accompanied by an ocean bill of lading and the seller wants constructive control of the shipment, complete the following 3 fields of the bill of lading to indicate 1 way that this can be accomplished.

Reference no: EM133320286

Questions Cloud

What characteristics of their leadership you find compelling : Tell us why you picked this leader and specifically what characteristics of their leadership you find compelling or distasteful.

How does information support a retailers ability to offer : How does information support a retailer's ability to offer a seamless selling environment through an omnichannel retailing strategy?

Project scope statement : Review the following project scope statement, and identify 2-3 risks to the successful delivery of this project.

List the application of logistics information system : The functions to be included in the LIS; why they are important, and how they are expected to support/improve certain operations

Analyze the following bill of exchange and provide responses : Analyze the following bill of exchange and provide responses to the questions following. All questions are specific to this bill of exchange.

Which is shaky on exchange market : which is shaky on the exchange market. In fact, 30 units of the Buyer's currency would buy you another jacket.

Prepare for selling the product to potential buyers : International Selling And Negotiation - In this assignment, the student selects a product and researches it by reflecting on each of the selling cycles stages

What is canada doing to address food waste : What do you think of the idea of a free food section at Mighty Fresh? Do you think it could significantly lower revenue? Justify your answer.

Current design and anticipated volume : What can be done to achieve cost reduction and lead-time goals? Are cost reduction goals achievable with the current design and anticipated volume?

User Account

All Pages