Chapter 5 Packaging

Quiz:

1. Under collection once the importer refuses to pay, the       will be responsible for the cargo release, customs clearance, warehousing and reselling in the importing country.

A. drawee                          

B. collecting bank

C. principal

D. presenting bank  

2. A contract is more formal and contains more details than a confirmation.

3. It is important to note that the complex procedures of all sectors shall be followed correctly and in accordance with the terms stipulated in the contract and/or letter of credit.

4. Distribution is usually over a shorter distance.