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What country is the largest importer and exporter of Goods?
it's USA
What is documentary collections?
Documentary collection is a type of trade finance where an exporter is paid for his shipped goods & products by an importer after the two parties’ banks exchange the evidential documents. In other words, it is a method of trade finance where an exporter’s bank forwards documents to the importer’s bank to collect the payments for shipped goods. It occurs usually after the shipment of goods at the importer’s location.
What is the current status of the US as an exporter and importer?
the us is the world's leading importer and exporter
What is buyer insolvency?
buyer insolvency is the situation in which the purchaser ( importer of goods or services) is unable to pay for the goods or services exported by exporter to him.
Is Canada a net importer or a net exporter?
exporter
Difference between a primary banker's acceptance and a secondary banker's acceptance?
An importer plans to purchase goods from an exporter. The exporter will not grant credit, so the importer turns to its bank. They execute an acceptance agreement, under which the bank will accept drafts from the importer. In this manner, the bank extends credit to the importer, who agrees to pay the bank the face value of all drafts prior to their maturity. The importer draws a time draft, listing itself as the payee. The bank accepts the draft and discounts it-paying the importer the discounted value of the draft. The importer uses the proceeds to pay the exporter. The bank can then hold the bankers acceptance in its own portfolio or it can sell it at discounted value in the money market. In an alternative arrangement, the exporter may agree to accept a letter of credit from the importer's bank. This specifies that the bank will accept time drafts from the exporter if the exporter presents suitable documentation that the goods were delivered. Under this arrangement, the exporter is the drawer and payee of the draft. Typically, the bank will not work directly with the exporter but with the exporter's correspondent bank. The exporter may realize proceeds from the bankers acceptance in several ways. The bank may discount it for the exporter; the exporter may hold the acceptance to maturity; or it may sell the acceptance to another party
Is the US the worlds largest importer and exporter?
The US is the largest importer China is the largest exporter then Germany then the US
What is the definition of exporter and importer?
An exporter sends things to other countries. An importer brings things in from other countries.
Who bears LC advising charges importer or exporter?
Exporter
Is US a net importer or exporter of steel?
The U.S. is a net exporter of steel.
What is Mutual insurance in marine insurance - Nigeria?
it is a insurance where exporter as well as importer in mutual understanding under go for insurance for thier goods
If one is an exporter what does one do?
To be an exporter, one would have to sell more goods than he takes in. This typically means to sell more goods in worth than buy. This leaves the person with a profit, while the importer would most likely be in debt.
