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Question 1 ISoalan 1] Figure-1 below depicts the 9-step process of international payment in the export-import process between the importer, exporter and banks. [Gambarajah-1 di bawah mengganbarkan 9-langkah pembayavan amtarabangsa dalam proses eksport-import di Gutara pengimport pengekspont. dan bank ] Exporter Importer 1. Sales Contract E. Shipment of Goods 6. Present Documents for Negotiation Presenting / Negotiating Bank 9. Auk for Settlement Advice LC Apply LC 8. Pay /Reimburse 7. Negotiate and Remit Documents Advising Bank Issuing Bank 3. lssue LC Figure 1- LC Application Process (a) In step-2, discuss the process of application for letter of credit (L/C) by the importer to the bank in his country. [Pada langkah-2, bincaugkan proses permohovansuratkredir (L/C) oleh pengimportse bank di yegaranva.) (b) Argue with reasons for the requirement of three banks in the payment process in the export- import management instead of only one bank [Huahkan keperlua.tiga bank dalam proses pembayaran penguRusAn eksport-import dan bukan satu bank sabasa) (c) In case the exporter requests for the confirmation of the L/C, discuss its implications on the importer. [Jika pevgeksport meminta supaya L/C disahikav, bincangkan implikastuva be atas pengimport]

Question 1 ISoalan 1] Figure-1 below depicts the 9-step process of international payment in the export-import process between the importer, exporter and banks. [Gambarajah-1 di bawah mengganbarkan 9-langkah pembayavan amtarabangsa dalam proses eksport-import di Gutara pengimport pengekspont. dan bank ] Exporter Importer 1. Sales Contract E. Shipment of Goods 6. Present Documents for Negotiation Presenting / Negotiating Bank 9. Auk for Settlement Advice LC Apply LC 8. Pay /Reimburse 7. Negotiate and Remit Documents Advising Bank Issuing Bank 3. lssue LC Figure 1- LC Application Process (a) In step-2, discuss the process of application for letter of credit (L/C) by the importer to the bank in his country. [Pada langkah-2, bincaugkan proses permohovansuratkredir (L/C) oleh pengimportse bank di yegaranva.) (b) Argue with reasons for the requirement of three banks in the payment process in the export- import management instead of only one bank [Huahkan keperlua.tiga bank dalam proses pembayaran penguRusAn eksport-import dan bukan satu bank sabasa) (c) In case the exporter requests for the confirmation of the L/C, discuss its implications on the importer. [Jika pevgeksport meminta supaya L/C disahikav, bincangkan implikastuva be atas pengimport]

Brief Principles of Macroeconomics (MindTap Course List)
Brief Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN:9781337091985
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter14: A Macroeconomic Theory Of The Open Economy
Section: Chapter Questions
Problem 6PA
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Question 1 [Soalan 1] Figure-1 below depicts the 9-step process of international payment in the export-import process between the importer, exporter and banks. [Gambarajah-1 di baval mengganbarkan 9-langkah pembayavan. Gutarabangsa dalamproses eksport-import di Gutara pengimport pengekspot dan bank ] Exporter Importer 1. Sales Contract 5. Shipment of Goods Presenting / Negotiating Bank 6. Present Documents for Negotiation 9. Auk for Settlement Advice LC Apply LC 8. Pay / Reimburne Nogotiate and Remit Documents Advising Bank 3. Issue LC Issuing Bank Figure 1- LC Application Process (a) In step-2, discuss the process of application for letter of credit (L/C) by the importer to the bank in his country. [Pada langkah-2, bincaugkan proses permohonau surat šredit (LC) oleh pengimport be bank di negaravya) (b) Argue with reasons for the requirement of three banks in the payment process in the export- import management instead of only one bank [Hjahkan keperlua iga bank dalam proses pembayaran penguRUSAN eksport-import dan bukau satu bank sabaja] (c) In case the exporter requests for the confirmation of the L/C, discuss its implications on the importer. [Jika pengeksport meminta supaya L/C disahšan, bincangkan implikasiuna ke atas pengimpert)
Transcribed Image Text:Question 1 [Soalan 1] Figure-1 below depicts the 9-step process of international payment in the export-import process between the importer, exporter and banks. [Gambarajah-1 di baval mengganbarkan 9-langkah pembayavan. Gutarabangsa dalamproses eksport-import di Gutara pengimport pengekspot dan bank ] Exporter Importer 1. Sales Contract 5. Shipment of Goods Presenting / Negotiating Bank 6. Present Documents for Negotiation 9. Auk for Settlement Advice LC Apply LC 8. Pay / Reimburne Nogotiate and Remit Documents Advising Bank 3. Issue LC Issuing Bank Figure 1- LC Application Process (a) In step-2, discuss the process of application for letter of credit (L/C) by the importer to the bank in his country. [Pada langkah-2, bincaugkan proses permohonau surat šredit (LC) oleh pengimport be bank di negaravya) (b) Argue with reasons for the requirement of three banks in the payment process in the export- import management instead of only one bank [Hjahkan keperlua iga bank dalam proses pembayaran penguRUSAN eksport-import dan bukau satu bank sabaja] (c) In case the exporter requests for the confirmation of the L/C, discuss its implications on the importer. [Jika pengeksport meminta supaya L/C disahšan, bincangkan implikasiuna ke atas pengimpert)
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