In case of sight draft, the documents are delivered to the importer ag – InterviewSolution

1.	In case of sight draft, the documents are delivered to the importer against his/ her acceptance of the bill of exchange.True/False? Given reason.
Answer» False: In case of sight draft, the documents are handed over to the importer only against payment.

Discussion

No Comment Found

Related InterviewSolutions

In case of sight draft, the documents are delivered to the importer against his/ her acceptance of the bill of exchange.True/False? Given reason.
In India, all foreign exchange transactions are regulated by the Central government.True/False? Given reason.
Which of the following documents is notrequired for obtaining export license ?A. IEC numberB. Letter of creditC. Registration-cum-membershipD. Bank account number certificate
Which one of the following is not a document related to fulfil the customs formalities?A. Shipping billB. Export licenceC. Letter of insuranceD. Performa invoice
Name any one method of sending an enquiry to different exporters for quotations by an importing firm.
Differentiate between the following: (i) Sight and usance drafts (ii) Bill of lading and airway bill (iii) Pre-shipment and post -shipment finance
Why is advanced planning for financing imports necessary?
Why should the indent be carefully dradfbed?
What information does performa invoice contain?
It is an instruction to the captain of the ship that the specified goods after custom clearance at a designated port be received on board. Name it.