Show the different functions of a bill of lading, Corporate Finance

Assignment Help:

CAC Co Ltd is engaged in the import and distribution of air conditioners from China. The business has been in existence since year 2000 and the exporter has been trading 50% on documentary collection and 50% on confirmed letters of credit. Following the financial crisis affecting businesses in China, the exporter has asked CAC Co Ltd to trade 100% on confirmed letters of credit. CAC CO Ltd requests for a meeting with you to discuss a few issues before negotiating with the exporter.

The following questions are set to you and you are required to answer them from CAC Co Ltd bank's perspective.

1 (a) You have been requested to discuss on the impact that the change in trading with the exporter will have on CAC Co Ltd finance and banking facilities.

(b) CAC Co Ltd has asked you to give some economic reasons that could have forced the exporter to request the change in the trading agreements.

2 (a) Show the different functions of a bill of lading.

(b) Provided that the stipulated documents are presented to the Confirming Bank or any other nominated bank and that they constitute a complying presentation, the Confirming Bank has got four main responsibilities. Based on Article 8 of UCP 600, you have been requested to briefly discuss on each responsibility.


Related Discussions:- Show the different functions of a bill of lading

Correlation coefficiant, the variance of stock a is .004,the variance of ma...

the variance of stock a is .004,the variance of market is .007,co variance between two is .0026 calculate correlation coefficient

Finance, Question 5 A company has a total investment of Rs 500,000 in asset...

Question 5 A company has a total investment of Rs 500,000 in assets, and 50,000 outstanding ordinary shares at Rs 10 per share (par value). It earns a rate of 15 per cent on its in

Npv, An investment under consideration has a payback of seven years and a c...

An investment under consideration has a payback of seven years and a cost of $320,000. If the required return is 12 percent, What is the worst-case NPV? Explain...

Expected npv and standard deviation of npv, 1. The managers of Merton Medic...

1. The managers of Merton Medical Clinic are analyzing a proposed project. The project's most likely NPV is $120,000, but, as evidenced by the following NPV distribution, there is

Assignment for corporate finance, Assignment Part 1   Sha...

Assignment Part 1   Shareholder Value Provide (a) one page write-up of the company; (b) Present its significant performance indicators such as P/BV; an

Replacement decision, #question.Baobab rolling mills owns a lathe machine w...

#question.Baobab rolling mills owns a lathe machine which was purchased 10years ago at sh. 75 million. The machine had an expected life of 15 yrs at the time it was purchased, and

Homework, #quThree years ago the U. S. dollar equivalent of a foreign curre...

#quThree years ago the U. S. dollar equivalent of a foreign currency was $ 1.2167. Today, the U. S. dollar equivalent of a foreign currency is $ 1.3310. Determine the percentage ch

Dividends , I need help in Logit using Stata I am very new in that and my s...

I need help in Logit using Stata I am very new in that and my supervisor wants me to use panel data ... which model is best for me and why? no idea could you help me...

Accumulated dividend, It is a dividend on a share of cumulative preferred s...

It is a dividend on a share of cumulative preferred stock that has not still being paid to the shareholder. Accumulated dividends are the product of dividends that are carried forw

Cost of capital, How does cost of capital vary with debt-to-value ratio?

How does cost of capital vary with debt-to-value ratio?

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd