Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Business Management Expert

Problem1. Kenyoko Ltd is engaged in import and distribution of pulses in Mauritius. Goods are imported from the Madagascar and Australia. Import of goods is done on the monthly basis through ‘open account’ and letters of credit. Most letters of credit are at sight, whilst for bigger imports, letters of the credit are 90 days usance. Goods are majorly distributed to supermarkets and hyper stores, who get 90 days credit and they hand-over avalised bills of the exchange to Kenyoko Ltd on delivery of goods.

Required:

problem1. Make a distinction between ‘open account’ and letters of credit as a mode of doing business.

problem2. Describe the meaning of incoterms and assess how ‘incoterms’ affect the documents that exporters should produce.

problem3. Describe the advantages of receiving an avalised bill of exchange rather than dealing on open account with supermarkets for Kenyoko Ltd.

problem4. According to Article 19 of UCP 600 (Transport Documents covering at least two different modes of transport), must indicate at least six important information on the letter of credit. Describe three of this information.

Business Management, Management Studies

  • Category:- Business Management
  • Reference No.:- M95250

Have any Question? 


Related Questions in Business Management

Other applications can also share data with excel check

Other applications can also share data with Excel. Check with your bank to see if you can get your checking information exported. Why might you wish to do this?

What should you do to help your team manage the aftermath

What should you do to help your team manage the aftermath of a catastrophe? Describe technology tools that enhance the virtual team's ability to communicate and work collaboratively. What specific actions can you take to ...

Organizations assignmentfor this assignment you will

Organizations Assignment For this assignment, you will investigate a social media public relations (PR) campaign by an organization. Some examples of platforms are LinkedIn, Twitter, Facebook, Google+, Pinterest, and You ...

Bradley architectural a primarily residential architectural

Bradley Architectural, a primarily residential architectural firm, was just notified of an urgent request for a development proposal on a property. They are almost certain that the proposal will go to a competitor, who h ...

A perfectly competitive industry consists of ten firms five

A perfectly competitive industry consists of ten firms. Five firms have marginal costs given byMC = q + 1, the other five have marginal costs given by MC = q + 2. The demand curve is D =135 - 5P. Calculate the level of p ...

Assume the united states economy is currently operating at

Assume the United States economy is currently operating at full employment A. Draw a correctly labeled graph of aggregate demand and aggregate supply and show each of the following. I Long run Aggregate supply curve. ii ...

As you saw in the text agents of state entities that

As you saw in the text, "agents" of state entities that receive federal funds who commit fraud or bribery violate the federal program fraud statute, 18 U.S.C.A. § 666. Exactly who qualifies as an agent for purposes of th ...

Abigails auto repair uses 500 oil filters every month

Abigail's Auto Repair uses 500 oil filters every month. Abigail has just taken a course in supply chain management, and as a result has solicited two new suppliers for these packs, with the following price structures: Su ...

How does mass customization support a business units

How does mass customization support a business unit's competitive strategy?

Norrington airport has begun to take in regional jet

Norrington Airport has begun to take in regional jet flights, and needs to expand its air traffic control facilities. It has received three proposals from different agencies for how it can proceed to modernize its facili ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen