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Entering Target Markets: Difference between revisions
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(Documentary collection is done with the '''w:BoL''' ( jubo-jubo )) |
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:::Documentary Collections facilitate [[w:import|import]]/export operations. ''They do not provide the same level of security as '''[[w:Letters of credit|Letters of Credit]]''', but, as a result, the costs are lower.'' ( Wikipedia ) | :::Documentary Collections facilitate [[w:import|import]]/export operations. ''They do not provide the same level of security as '''[[w:Letters of credit|Letters of Credit]]''', but, as a result, the costs are lower.'' ( Wikipedia ) | ||
:::Unlike the Letters of Credit, for a Documentary Collection the bank acts as a channel for the documents but does not issue any [[w:payment covenant|payment covenant]]s (does not guarantee payment). The bank that has received a documentary collection may [[w:debit|debit]] the buyer's account and make payment only if authorised by the buyer. ( Wikipedia ) | :::Unlike the Letters of Credit, for a Documentary Collection the bank acts as a channel for the documents but does not issue any [[w:payment covenant|payment covenant]]s (does not guarantee payment). The bank that has received a documentary collection may [[w:debit|debit]] the buyer's account and make payment only if authorised by the buyer. ( Wikipedia ) | ||
::: Documentary collection is done with the '''[[w: | ::: Documentary collection is done with the '''[[w:Bill of lading|Bill of lading]]''' ( jubo-jubo ) | ||
* '''Documentary credit''' redirects to '''[[w:L/C|L/C]]''' as L/C as it is done with L/C ( jubo-jubo ) | * '''Documentary credit''' redirects to '''[[w:L/C|L/C]]''' as L/C as it is done with L/C ( jubo-jubo ) | ||