Who are usually the drawer and drawee in international trade when transactions are paid for by means of a draft?

International business is business conducted in more than one country, including buying and selling goods and services. Other international business activities include marketing, manufacturing ,mining, and farming. In sum, international business is all the practices a business in a single country does, but at the international level.

Utmost good faith is a very important principle. The people who decide what premium is fair for a particular cover do so on the basis of written statements made in a proposal form. If this statement is untrue,then the premium agreed on will not be a fair one. Suppose I say that a crate contains copper,when in fact it contains platinum. The premium required to cover the cheaper metal will be an unfair premium for the more valuable cargo. The mis-statement is a fraud, and the policy is voidable by the party who is misled. Even if the mis-statement was unintentional, the underwriter would still be deceived and the policy voidable.

信用证的目的是通过银行信誉为国际支付提供便利。

对企业来说，损失的价值要比个人高得多，因此保险费也比一栋房子或者一辆车高出许多。

可保利益原则就是如果投保的东西得到了保护，投保人能从这种保护中得到利益。

互购贸易和回购贸易之间另一个重要的区别在于回购贸易一般比互购贸易要延续更长一 段时间。

即时库存管理系统的引进能最大限度地降低库存从而提高经营效率。

policy objectives

documentary collection