Logistics Engineer Question:
Download Job Interview Questions and Answers PDF
What is the difference between document against acceptance and document against payment?
Answer:
☛ Document against payment: The document remains with bank and importers have to pay the exporter before they release the documents. In this payment is immediate, and document is released quickly
☛ Document against acceptance: In this importer gives 30-45 days to bank to deduct the amount and then release the documents. In this provision, there is much risk, and if there is no sufficient balance in the account then, the process will get delayed.
☛ Document against acceptance: In this importer gives 30-45 days to bank to deduct the amount and then release the documents. In this provision, there is much risk, and if there is no sufficient balance in the account then, the process will get delayed.
Download Logistics Engineer Interview Questions And Answers
PDF
| Previous Question | Next Question |
| Tell us what are the activities performed at operational level in logistics'? | Explain what is the different position a person can work in logistic industry? |