Delios Trading is exporting for the first time to Japan and…
Delios Trading is exporting for the first time to Japan and has contracted with Abe Imports in Tokyo for an initial order valued at $110,000. Delios Trading wants Abe Imports to secure a document from a Tokyo bank that would indicate that the bank would pay Delios Trading $110,000 upon presentation of specified documents by the exporter. What is the name of the document that Delios Trading is asking for?
Read DetailsJohnson Goods, a U.S. company is exporting to Watanabe Tradi…
Johnson Goods, a U.S. company is exporting to Watanabe Trading, a Japanese importer. The two parties agree on a draft, but Johnson Goods wants it to be a draft that is payable on presentation to Watanabe Trading. Johnson Goods is asking for a(n)
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