πŸ“’ Too many exams? Don’t know which one suits you best? Book Your Free Expert πŸ‘‰ call Now!


    Question

    In the context of documentary credit, which of the

    following is typically considered a "compliant document"?
    A A sales contract between the buyer and seller. Correct Answer Incorrect Answer
    B A certificate of origin indicating the goods' country of manufacture. Correct Answer Incorrect Answer
    C A promissory note issued by the buyer. Correct Answer Incorrect Answer
    D A letter of credit from the buyer’s bank. Correct Answer Incorrect Answer
    E A personal guarantee from the buyer. Correct Answer Incorrect Answer

    Solution

    A compliant document in documentary credit refers to the documents specified in the letter of credit that must be presented by the exporter to receive payment. A certificate of origin is one of these documents that certifies where the goods were produced and is often required under the terms of a letter of credit.

    Practice Next
    More Financial Management Questions
    ask-question