Podcast
Questions and Answers
Which risk can be mitigated by obtaining a credit report for the seller?
Which risk can be mitigated by obtaining a credit report for the seller?
How much currency is loaded in MCTC?
How much currency is loaded in MCTC?
Is LC open for imports of prohibited goods?
Is LC open for imports of prohibited goods?
What is the threshold amount for requiring a BG for advance payment?
What is the threshold amount for requiring a BG for advance payment?
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Does advance against incentives come under post-shipment finance?
Does advance against incentives come under post-shipment finance?
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Study Notes
Mitigating Risks
- Obtaining a credit report for the seller can mitigate the risk of non-payment.
MCTC (Mobile Cash Tender Container)
- MCTC is loaded with $10,000 or €10,000 currency.
Letter of Credit (LC)
- An LC is not open for imports of prohibited goods.
Bank Guarantee (BG) for Advance Payment
- A BG is required for advance payments exceeding ₹10 lakh ( ₹1 million).
Post-Shipment Finance
- Advance against incentives does not come under post-shipment finance.
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Description
Test your knowledge on international trade and finance with this quiz! From credit risk to currency exchange rates, this quiz covers a range of topics related to the risks and regulations of global commerce. Challenge yourself and see how well you understand the intricacies of international trade.
