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Which of the following risks is NOT a seller's risk when using the D/P payment method?

• The buyer's bank refused to pay due to invalid documents

• Buyer refuses to pay/receive goods

• A few days after receiving the draft, the buyer makes payment

• The seller sent a Incomplete set of documents

 Which of the following risks is NOT a buyer's risk when using the D/P payment method?

• The seller delivered the Incomplete set of documents

• Goods received are damaged or missing

• Original set of documents lost during transportation to the bank

• Set of fake documents so the goods cannot be receive by the buyer from the shipping company

Which of the following cases is NOT considered an invalid document in D/P payment?

• The set of documents is missing the Bill of Exchange

• 1. The set of documents is missing the Packing List

• 1. The set of documents is missing the Bill of Lading

• 1. The set of documents is missing the Promissory Note

Which of the following cases can lead to the buyer's bank refusing to pay in L/C payment?

• Back-to-back L/C has a shorter validity period than the original L/C

• L/C number is incorrect

• Back-to-back L/C has an earlier delivery deadline than the original L/C

• All 3 plans on

To minimize risks when using D/P payment method, which of the following measures can the seller take?

• Require the buyer to pay a deposit before delivery.

• Buy payment risk insurance.

• Use the bank's collection service.

• All this answer

In the D/P method, if the buyer refuses to pay the buyer's bank, what should the buyer's bank do?

• Immediately notify the seller's bank and wait for instructions from the other party

• Immediately sell containers to other customers that they know are in need of buying

• Liquidate documents for other banks

• There is no correct answer

Who bears the most risk when using D/P?

• The exporter

• The importer

• The Buyer's bank

• The seller's bank

In irrevocable L/C, before the seller presents the documents to the opening bank, if the buyer complains to the bank about the incorrect quality of the goods, the bank will:

• Still pay the seller if the documents are valid

• Not pay for the seller because the quality of goods do not comply with the contract

• Arrange for the two parties to renegotiate a new price and then pay that price

• Only pay the new price set by the buyer

 In D/P, if the buyer does not receive the goods, what CAN'T the seller do?

• Sue the buyer for breach of contract

• Find new customers in the importing country or near the importing country to liquidate the goods

• Sending goods back to the country of origin

• Abandon the shipment at the port of import due to high shipping costs

If the Buyer is late in payment and the goods are damaged due to being left for a long time, who will bear the responsibility?

• SELLER

• BUYER

• BUYER'S BANK

• SELLER'S BANK