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Explain the flow of goods and paper work in Diagram on Page 74 Ed. 10 [P. 70 in Ed. 9] of your textbook. Explain

a. how the transaction would work without a Letter of Credit.

b. how the transaction will work with the Letter of Credit from Buyer's Bank.

c. how the transaction differs if Seller has a bank and when the Seller does not have a bank.

d. the three purposes and roles of the Bill of Lading in this transaction.

e. how use of the Letter of Credit shifts the risk of non-payment between and among the various parties.

Be sure to explain and differentiate the different paths of the paperwork and the physical delivery of the goods.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M9521942

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