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11. International Business
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Q13 of 35 Page 304

The document containing the guarantee of a bank of honor drafts drawn on it by an exporter is:

A letter of credit is a document containing the guarantee of a bank of honor drafts drawn on it by an exporter.

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11

A receipt issued by the commanding officer of the ship when the cargo is loaded on the ship is known as:

12

Which of the following document is prepared by the exporter and includes details of the cargo in terms of the shipper’s name, the number of packages, the shipping bill, port of destination and name of the vehicle carrying the cargo?

14

TRIP is one of the WTO agreements that deal with:

1

Differentiate between international trade and international business.

Questions · 35
11. International Business
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