Business Studies, asked by AnirudhSinghrawat941, 3 months ago

Differentiate between the follow
1 Sight and usance draft
2 Bill of lading and airway bad
3 Pre- Shipment and post-shipment finance​

Answers

Answered by sushmadevi8112007
0

Answer:

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Explanation:

Difference between sight and usance draft :

Sight Draft :

1. It is document against sight.

2. Here, the documents are handed over to importer only against payment.

3. Payments is made immediately by the importer.

Usance Draft ;

1. It is document against acceptance.

2. Here, the documents are delivered to the importer against his acceptance of the bill of exchange for making payment at end of a specified period say three months.

3.The importer accepts the bill of exchange for making payment on maturity of the bill of exchange.

b.Difference between bill of lading and airway bill :

Bill of lading : It is document given by shipping company.

Airway Bill : It is a document given by airline company.

c. Difference between pre-shipment and post-shipment finance :

Pre -shipment finance type : This type of finance is needed by exporter to purchase raw-materials and other related items to make the goods exportable.

Post-shipment finance : Importer makes arrangements in advance to pay to the exporter on arrival of goods at the port. This is known as post shipment finance.

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