Explain given types of letter of credit

Assignment Help Project Management

Reference no: EM131288454

Explain these types of letter of credit: revocable/irrevocable, confirmed/unconfirmed. Under what sets of circumstances would exporters use the following methods of payment:

(a) revocable letter of credit;

(b) confirmed letter of credit;

(d) time draft (i.e. bill of exchange)?

Reference no: EM131288454

Questions Cloud

What is the goal driving force of the business : What is the goal (driving force) of the business; what do the owners want as their return? (remember for-profit businesses' goal is not to serve customers. That is perhaps part of their strategy).

Cash basis of accounting with accrual basis of accounting : Distinguish among depreciation, depletion, and amortization. If you had to pick two, what are the most common current liabilities that appear on a company's balance sheet? Contrast the cash basis of accounting with the accrual basis of accounting.

What action does ramipril have on the raas pathway : Review the events that have occurred during the morning (information in the grey boxes on this case study) and discuss the factors that contributed to his decreased level of consciousness (AVPU scale) - Discuss the medication that may have caused h..

Equilibrium in the labor market : Can someone give me a short and simple answer to Equilibrium in the Labor Market?

Explain given types of letter of credit : Explain these types of letter of credit: revocable/irrevocable, confirmed/unconfirmed. Under what sets of circumstances would exporters use the given methods of payment.

When performing vertical analysis of a balance sheet : When performing vertical analysis of a balance sheet, the base amount is. Which of the following statements is true for leverage? Common-size statements. When performing vertical analysis of an income statement, the base amount is ________.

Identify the final culprit and how it was discovered : Draw a timeline marking the time each of the 11 blue men presented symptoms. Explain the point of mapping out the incident timeframe (i.e. why would epidemiologists need this information and how would it be used)

Describe seveprinciples that you have learned about that you : describe seven perspectives/principles that you have learned about that you think would be important to teach managers so they can better understand their employees' learning needs. These perspectives (principles) will be aligned with Behaviorism,..

What is the accrual basis of accounting : What is the accrual basis of accounting? ?What is an accrued expense? ?What is accrued revenue? ?What is a prepaid expense? ?What is unearned revenue?

User Account

All Pages