CDCS Study Materials-Sales Contract MCQ -Sales Contract 1. An exporter sells goods overseas on FOB and CIF Incoterms, respectively. Who is responsible for the freight charges in each? A. FOB — importer / CIF – exporter B. FOB – importer / CIF – importer C. FOB – exporter / CIF […]
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CDCS study materials-Standby letters of credit Chapter-21 Learning objectives This chapter provides an overview of standby letters of credit and the content of ISP98. By the end of this chapter, you should be able to: ◆◆ describe the origins and use of a standby letter of credit; and ◆◆ understand the […]
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CDCS study materials-The features of documentary credits Chapter-20 20.1 Introduction CDCS study materials-The features of documentary credits Some features and conditions are fundamental to all documentary credits; others, by means of the insertion of clauses or a recognised form of wording, provide a speciality function. A number of these characteristics are provided for […]
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