Podcast
Questions and Answers
What is the primary function of a Trade Services Department in a bank?
What is the primary function of a Trade Services Department in a bank?
- To manage supply chain operations
- To provide credit to buyers
- To offer investment advice
- To facilitate trade payment and trade finance (correct)
What is the primary risk associated with cash in advance payment method for the buyer?
What is the primary risk associated with cash in advance payment method for the buyer?
- Fluctuations in exchange rates
- High risk of credit default
- Non-delivery of goods (correct)
- Non-payment by the seller
Which of the following trade services products is not commonly used in international trade?
Which of the following trade services products is not commonly used in international trade?
- Documentary credit (LC)
- Bank payment obligation
- Investment insurance (correct)
- Supply chain financing
What is the primary reason why a seller may request cash in advance?
What is the primary reason why a seller may request cash in advance?
What is the primary benefit of cash in advance payment method for the seller?
What is the primary benefit of cash in advance payment method for the seller?
Which of the following trade services products is not a form of trade finance?
Which of the following trade services products is not a form of trade finance?
Why may buyers not want to continue importing goods if they are required to make cash in advance payments?
Why may buyers not want to continue importing goods if they are required to make cash in advance payments?
What is the primary difference between cash in advance and open account payment methods?
What is the primary difference between cash in advance and open account payment methods?
What is the primary benefit of a documentary collection over a documentary credit?
What is the primary benefit of a documentary collection over a documentary credit?
What is required for full security of a documentary collection?
What is required for full security of a documentary collection?
What is the purpose of the ICC Uniform Rules for Collections?
What is the purpose of the ICC Uniform Rules for Collections?
What is the primary purpose of a documentary credit or letter of credit?
What is the primary purpose of a documentary credit or letter of credit?
What is the condition for payment in a documentary credit?
What is the condition for payment in a documentary credit?
What is the benefit of the seller stipulating that documents be handed over against the buyer's acceptance of a bill of exchange or signature on a promissory note?
What is the benefit of the seller stipulating that documents be handed over against the buyer's acceptance of a bill of exchange or signature on a promissory note?
What is the primary advantage of a documentary credit over a documentary collection?
What is the primary advantage of a documentary credit over a documentary collection?
What is the role of the bank in a documentary collection?
What is the role of the bank in a documentary collection?
What is the scope of the Convention's provisions?
What is the scope of the Convention's provisions?
What was the role of the UNCTAD's Committee on Shipping in 1986?
What was the role of the UNCTAD's Committee on Shipping in 1986?
What was the basis for the UNCTAD/ICC Rules for Multimodal Transport Documents?
What was the basis for the UNCTAD/ICC Rules for Multimodal Transport Documents?
When did the UNCTAD/ICC Rules for Multimodal Transport Documents enter into force?
When did the UNCTAD/ICC Rules for Multimodal Transport Documents enter into force?
What was the result of the joint UNCTAD/ICC working group's meetings?
What was the result of the joint UNCTAD/ICC working group's meetings?
What is the relationship between the UNCTAD/ICC Rules for Multimodal Transport Documents and the UN Convention on International Transport of Goods?
What is the relationship between the UNCTAD/ICC Rules for Multimodal Transport Documents and the UN Convention on International Transport of Goods?
What is the primary goal of the URDG 758?
What is the primary goal of the URDG 758?
What is the purpose of the ISBP 745?
What is the purpose of the ISBP 745?
Can the ISBP 745 change the UCP 600 rules for Letters of Credit?
Can the ISBP 745 change the UCP 600 rules for Letters of Credit?
What is the latest and most comprehensive guide to handling and examining trade documents under Letters of Credit?
What is the latest and most comprehensive guide to handling and examining trade documents under Letters of Credit?
When was the revised ISBP 2013 published by the ICC?
When was the revised ISBP 2013 published by the ICC?
What is notable about the revised ISBP 2013 guide?
What is notable about the revised ISBP 2013 guide?
What is the primary purpose of the standard format for purchase/sale agreement in the banking system?
What is the primary purpose of the standard format for purchase/sale agreement in the banking system?
Why is the contract considered less important in the case of LC?
Why is the contract considered less important in the case of LC?
What is the reason for the limited use of standard sales/purchase contract in Bangladesh?
What is the reason for the limited use of standard sales/purchase contract in Bangladesh?
Which of the following countries is NOT a signatory to the UN Vienna Convention?
Which of the following countries is NOT a signatory to the UN Vienna Convention?
What is the primary function of the Bangladesh Bank under the FERA, 1947?
What is the primary function of the Bangladesh Bank under the FERA, 1947?
What is the purpose of the circulars/guidelines issued by the Bangladesh Bank?
What is the purpose of the circulars/guidelines issued by the Bangladesh Bank?
What is the focus of the FERA, 1947?
What is the focus of the FERA, 1947?
How many sections are there in the FERA, 1947?
How many sections are there in the FERA, 1947?
