Explain the flow of goods and paper work, Financial Management

Explain the flow of goods and paper work in Diagram on Page 74 Ed. 10 [P. 70  in Ed. 9] of your textbook.  Explain

a.  how the transaction would work without a Letter of Credit.

b.  how the transaction will work with the Letter of Credit from Buyer's Bank. 

c.  how the transaction differs if Seller has a bank and when the Seller does not have a bank. 

d. the three purposes and roles of the Bill of Lading in this transaction. 

e. how use of the Letter of Credit shifts the risk of non-payment between and among the various parties. 

Be sure to explain and differentiate the different paths of the paperwork and the physical delivery of the goods.

Posted Date: 2/14/2013 6:53:54 AM | Location : United States

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