The three main problems facing the importer and exporter are time, distance and by the exporter? [4marks] 4.List the advantages of “confirmed and irrevocable” L/C to the exporter. payment. 3.Describe the open account method of payment. [4marks] 2.Demonstrate how each of the risks in ‘1.’ above can be minimised. [4marks] 1.In Documentary Collections terms of payment, what are the major risks faced exchange risk. These give rise to consideration of the market, transport and

The three main problems facing the importer and exporter are time, distance and
by the exporter? [4marks]
4.List the advantages of “confirmed and irrevocable” L/C to the exporter.
payment.
3.Describe the open account method of payment. [4marks]
2.Demonstrate how each of the risks in ‘1.’ above can be minimised. [4marks]
1.In Documentary Collections terms of payment, what are the major risks faced
exchange risk. These give rise to consideration of the market, transport and

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