Podcast
Questions and Answers
What must always be mentioned in the LC or Purchase Order for payment?
What must always be mentioned in the LC or Purchase Order for payment?
- Certificate of insurance
- Certificate of compliance
- Certificate of authenticity
- Certificate of quality (correct)
Which document should be attested by the chamber of commerce of the country of the supplier?
Which document should be attested by the chamber of commerce of the country of the supplier?
- Airway Bill
- Packing list
- Certificate of origin invoice (correct)
- Bill of lading
Who is responsible for checking documents and ensuring that the goods shipped comply with the L/C terms or purchase order?
Who is responsible for checking documents and ensuring that the goods shipped comply with the L/C terms or purchase order?
- Chamber of Commerce
- Banks (correct)
- Suppliers
- Import-Export Facilitators
In case the documents presented are not in compliance with the letter of credit terms, what action will be taken regarding payment?
In case the documents presented are not in compliance with the letter of credit terms, what action will be taken regarding payment?
Which entity assists in the process of going international by supplying knowledge and information?
Which entity assists in the process of going international by supplying knowledge and information?
What is a mandatory document for payment according to the provided text?
What is a mandatory document for payment according to the provided text?
Which document might require attestation by the chamber of commerce?
Which document might require attestation by the chamber of commerce?
Who ensures that goods shipped match the L/C terms or purchase order?
Who ensures that goods shipped match the L/C terms or purchase order?
What action is taken if presented documents comply with L/C terms or purchase order?
What action is taken if presented documents comply with L/C terms or purchase order?
What role does Chamber of Commerce play in international trade facilitation?
What role does Chamber of Commerce play in international trade facilitation?
