lecture-module-13.pdf - Kwame Nkrumah University of Science Technology Kumasi Ghana Introduction to International Business Name Enya

lecture-module-13.pdf - Kwame Nkrumah University of Science...

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Kwame Nkrumah University of Science & Technology, Kumasi, Ghana Introduction to International Business Name: Enya Ameza-Xemalordzo ( PhD, LLM, MBA, MSc, Gdip, BSc ) Department: Marketing & Corporate Strategy Faculty & College: Business School
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Kwame Nkrumah University of Science & Technology, Kumasi, Ghana MODULE 13 Exporting, Importing, and Countertrade
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11/26/2018 Enya Ameza-Xemalordzo 3 Export Management Company Export specialists who act as an export marketing department for client firms Letter of Credit Issued by a bank, indication that the bank will make payments under specific circumstances Draft An order written by an exporter instructing an importer, or an importer’s agent, to pay a specified amount of money at a specified time; also called a bill of exchange Sight Draft A draft payable on presentation to the drawee Time Draft A promise to pay by the accepting party at some future date
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11/26/2018 Enya Ameza-Xemalordzo 4 Bill of Lading A document issued to an exporter by a common carrier transporting merchandise. It serves as a receipt, a contract, and a document of title
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