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Why Might Different Documentation Be Used for an Export to a Nonaffiliated

Question 16
Essay

Why might different documentation be used for an export to a nonaffiliated foreign buyer who is a new customer, as compared with an export to a nonaffiliated foreign buyer to whom the exporter has been selling for many years?

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Q 17
For what reason might an exporter use standard international trade documentation (letter of credit, draft, order bill of lading) on an intrafirm export to its parent or sister subsidiary?
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What is the major difference between "currency risk" and "risk of noncompletion"? How are these risks handled in a typical international trade transaction?
Q 19
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