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6. Letter of credit irrevocable assurance to the exporter/ seller
7. uniform rules for collection urc522 are issued by
8. Option which can be exercised only on the due date
- european options
- american option
9. Issuing bank or confirming bank accept a bill of exchange to pay in future
- acceptance
- payment at sight
- negotiation
- deffered payement
10. Documentary credits are governed by
11. Equity share is a derivative
12. Which document in LC gives description about how goods are packed?
- packing list
- commercial invoice
- certificate of origin
- transport documents
13. Long terminology refers to
14. The bill of lading is a document of title
15. Facility whereby a bank assures the exporter that payment will be made by the bank directly
- documentary credit
- documentary collections
- open account
- advance payment
16. A ____ is a derivative that confers the right but not the obligation to buy or sell as security NORMALLY an equity at a certain price
17. Inspection certificate required in an LC signed by seller
18. uncoditional order of the seller to the buyer to pay a sum of money immediately or at a future date to the payee
- inspection certificate
- packing list
- bill of exchange
- cargo insurance policy
19. Forwards options and swaps are all derivatives
20. Bill of lading is transport document