Md Monirul Islam
A trade payment method is the way an importer pays the exporter for goods purchased in international trade. The four common methods are Advance Payment, Open Account, Documentary Collection, and Documentary Credit (LC). Advance Payment: In Advance Payment, the importer…
Md Monirul Islam
Distinguish between any four of the following (a) Nominal Exchange Rate and Real Exchange Rate (1) Nominal Exchange Rate is the quoted price of one currency in terms of another, whereas Real Exchange Rate adjusts the nominal rate for the…
Md Monirul Islam
Question 4: As a Head of the International Trade Division of your bank, how would you deal with the following situations under UCPDC-600? (a) An amendment reduces the LC amount from USD 50,000 to USD 30,000, and the beneficiary fails…
Md Monirul Islam
Question 9: As an official of the International Trade Division of your bank, how would you deal with the following situations under UCPDC-600? (a) Your customer has presented export documents for negotiation under an irrevocable Letter of Credit, but you…
Md Monirul Islam
Question 9 (a) An export document was presented to the nominated bank one day after the last date of presentation. The bank was closed on the last date due to riots. Under UCP 600 Article 36, closure due to riots…
Md Monirul Islam
Question 9 (a) An LC is confirmed and is available with the confirming bank. The beneficiary presents the documents to the confirming bank within the validity of the LC. The issuing bank wrongly dishonours the documents after the LC has…