Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Business Management Expert

problem1. Flora Co Ltd operates a large chain of supermarkets in South Africa. The products are imported in bulk from Germany and distributed throughout the country. Part of the good are re-exported to some supermarkets found in Mauritius. Flora Co Ltd imports all the goods under usance Letter of Credit 90 days from BL date. Part of the goods is re-exported to Mauritius under Collection basis and the importer has 60 days to pay the bills. The German exporter has decided to change the trading terms to Sight LC as from January 2013. They have come to your Bank for advice and have set the following problems that need to be answered.  
 
(a) Differentiate between letters of credit and documentary collection basis as a mode of doing business with the help of flowcharts.

(b) describe the importance of Inco terms in international trade.

(c) The customer has heard about the use of factoring and export discounting facilities to ease cash flow when providing credit facilities. describe both concepts.

(d) Discuss on the provisions of Article 6 of UCP 600 (Availability, Expiry Date and Place for Presentation).

Business Management, Management Studies

  • Category:- Business Management
  • Reference No.:- M95246

Have any Question? 


Related Questions in Business Management

Assignment delta airlines property plant and

Assignment: Delta Airlines Property, Plant, and Equipment According to the textbook, U.S. companies and foreign companies are affected by deprecation rules. When companies write off the cost of long-lived assets over a p ...

The objective of the case is to explain the unique

The objective of the case is to explain the unique characteristics of the Indian market, including the external, industry and competitive environments. 1) Why are foreign MNEs like UPS seeking to invest in India? 2) What ...

Capital budgetingdiscuss the merits of capital

Capital Budgeting Discuss the merits of capital budgeting. Your post must be at least 300 words, formatted and cited in proper APA style with support from at least 2 peer reviewed academic sources

1sp the production department of celltronics

1.  The production department of Celltronics International wants to explore the relationship between the number of employees who assemble a subassembly and the number produced. As an experiment, 3 employees were assigned ...

Discuss two 2 strategies that they can use to enter the

Discuss two (2) strategies that they can use to enter the global market, and explain why these approaches would be appropriate and beneficial to the business.

Organizations with clear techniques of negotiation of

Organizations with clear techniques of negotiation of contracts help managers prepare for effective, successful contract negotiation. Techniques in one negotiation may not effectively work well in another. The president ...

Include the following specifications in your databasethe

Include the following specifications in your database: The POS database must support the following subsystems: Invoicing, Inventory Management, Customer Management, and Employee Management. Each of these subsystems must ...

Would a rural community be able to afford a higher price

Would a rural community be able to afford a higher price? What assumptions are you making with that statement?

Suppose a bond promises to pay interest of 25 every six

Suppose a bond promises to pay interest of $25 every six months and repay principal of $1,000 at maturity in 30 years. If the market interest rate is 7%, calculate the bond price.

Nathan rosillo stared out his office window at the lazy

Nathan Rosillo stared out his office window at the lazy curves and lush, green, flower-lined banks of the Dutch Valley River. He'd grown up near here and envisioned the day his children would enjoy the river as he had as ...

  • 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

A cola-dispensing machine is set to dispense 9 ounces of

A cola-dispensing machine is set to dispense 9 ounces of cola per cup, with a standard deviation of 1.0 ounce. The manuf

What is marketingbullwhat is marketing think back to your

What is Marketing? • "What is marketing"? Think back to your impressions before you started this class versus how you

Question -your client david smith runs a small it

QUESTION - Your client, David Smith runs a small IT consulting business specialising in computer software and techno

Inspection of a random sample of 22 aircraft showed that 15

Inspection of a random sample of 22 aircraft showed that 15 needed repairs to fix a wiring problem that might compromise

Effective hrmquestionhow can an effective hrm system help

Effective HRM Question How can an effective HRM system help facilitate the achievement of an organization's strate