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

What are some privileges that people might experience as a

What are some privileges that people might experience as a result of their last name?

Assignment business expansion and sustainabilityin order to

Assignment: Business Expansion and Sustainability In order to complete this assignment, refer to the scenario that you chose in Assignment. Note: You may create and / or make all necessary assumptions needed for the comp ...

Question 1 a how can you apply the realistic theory of

QUESTION 1: a. How can you apply the Realistic Theory of political power and trade to explain the reaction of the Chinese Government to the Sale of Opium in China? Was the reaction of the Chinese Government justified com ...

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 ...

Assignmentsuppose that there are two candidates ie jones

Assignment Suppose that there are two candidates (i.e., Jones and Johns) in the upcoming presidential election. Sara notes that she has discussed the presidential election candidates with 15 friends, and 10 said that the ...

Employment law case briefusing the internet select and

Employment Law Case Brief Using the Internet, select and research an employment law case no greater than five (5) years old. Write a three to four (3-4) page brief in which you: Summarize the issue of the case, and then ...

ceos have vision describe what their vision should consist

" CEOs have vision, describe what their vision should consist of. Use 2 examples of 2 vastly different CEOs based upon the systems of thinking we learned in class. Also, what type of CEO would you be with what type of co ...

Career goals and assessing the mshrm programcareer goals

Career Goals and Assessing the MSHRM Program "Career Goals and Assessing the MSHRM Program"  Please respond to the following: Develop a timeline for your most important career goal(s) over the next five (5) years. Descri ...

Assignment ethicsimpact of regulatory requirements on

Assignment: Ethics Impact of Regulatory Requirements on Sustainability Initiatives Though sustainability initiatives are often driven by regulatory requirements, an increasing number of companies notice that they frequen ...

According to garcia-morales et al 2012 transformational

According to Garcia-Morales et al. (2012), transformational leadership heightens consciousness of collective interest among the organisation's members and helps them to achieve their collective goals. Critically evaluate ...

  • 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