BC - aSIB 22.1.14 (2)
To provide clarification and review of the process of a Letter of Credit in the context of international trade
To provide clarification and review of language used for IncoTerms in the context of international trade.
Procedure (60 minutes)
Discuss the differences between a Bill of Exchange and a Letter of Credit
Explain process of financing international trade on WB, with cards, while students read & decide order of process
Using cards on the WB, explain the four major terms of codes that simplify trade between countries.