Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Business Management Expert

problem 1:

Nortel is a Mauritian company engaged in import of mobile phones from China and that are re-exported to African countries. Mobile phones are imported under 60 days Usance Letter of Credit; whilst exports to African countries are done under sight documentary collection. Following an explosion in imports of mobile phones in Africa, the African importers have asked Nortel to change payment mode to open account. This change in trading agreements will impact over the business of Nortel and the latter’s Management has requested a meeting with you, as their Bank Trade Advisor, to reply to certain interrogations enumerated below:

Required:

Problem1. What is the difference between documentary credit and documentary collection as used in international trade?

Problem2. Assess the risks of Open Account and describe how the risks can be mitigated.

Problem3. describe the difference between a Back-to-back Letter of credit and transferable letter of credit with the help of diagrams.

Problem4. Under the Article 10 of the UCP 600, banks have to follow certain rules in relation to amendments to be brought to letters of credit.  Discuss on three of these rules to be followed.

Business Management, Management Studies

  • Category:- Business Management
  • Reference No.:- M95262

Have any Question? 


Related Questions in Business Management

Assessmentcomplete the followingbullresearch business

Assessment Complete the following: • Research business theories using the Capella library. You may also wish to use the materials provided in the Resources. • Choose a theory that you feel is most relevant for today's en ...

Page engineering designs and constructs air conditioning

Page Engineering designs and constructs air conditioning and heating systems for hospitals and clinics. Currently, the company's staff is overloaded with design work. There is a major design project due in 8 weeks. The p ...

Discussion research weekly concepts for ethical and social

Discussion: Research Weekly Concepts for Ethical and Social Responsibility Post Responses to be completed For Discussion, please visit the Walden Library databases or select a recognized business publication such as Forb ...

Module course project - business problemyour company

Module Course Project - Business Problem Your company, Rasmussen Consulting, was hired by MovieFlix, a company that provides subscription service for on-demand Internet streaming media and DVD-by-mail within the U.S. You ...

Projectwrite an 8 - 10 page paper that will summarize your

PROJECT Write an 8 - 10 page paper that will summarize your beliefs about what it takes to be a real leader. Some of the topics you may address are: 1. What are the salient characteristics needed to influence the consens ...

Part 1 determine your ip addresslook up the difference

Part 1: Determine your I/P address Look up the difference between public and private IP addresses.  Create a word processor document and explain, in your own words, the difference between the two.  Then determine your pu ...

Where is the lock cell feature walk us through the steps to

Where is the Lock Cell feature? Walk us through the steps to lock a cell? How do you know when the Lock Cell icon is active or not?

Ethical negotiation presentationcreatenbspan 8-slide

Ethical Negotiation Presentation: Create  an 8-slide Microsoft® PowerPoint® presentation in which you analyze the ethical standards for business and negotiations as this relates to your organization. Include the followin ...

It is very important that we separate causation from

It is very important that we separate causation from correlation and economic theory allows us to support hypothesis testing with a scientific basis for conclusions. How would you evaluate economic variables and indicato ...

Pick a current event briefly summarize the event what are

Pick a current event briefly summarize the event. What are the implications of this event for our economy?

  • 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

WalMart Identification of theory and critical discussion

Drawing on the prescribed text and/or relevant academic literature, produce a paper which discusses the nature of group

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