A firm based in washington state wants to export a shipload of finished lumber to the philippines. the would-be importer cannot get sufficient credit from domestic sources to pay for shipment, but insists that the finished lumber can quickly be resold in the philippines for a profit. outline the steps that the exporter should take to effect the export of this shipment to the philippines

Question

Christina Herrera

Business

28 November, 07:41

A firm based in washington state wants to export a shipload of finished lumber to the philippines. the would-be importer cannot get sufficient credit from domestic sources to pay for shipment, but insists that the finished lumber can quickly be resold in the philippines for a profit. outline the steps that the exporter should take to effect the export of this shipment to the philippines

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Marley Cooke · Answer 1

The firm gets the deal of lumber export. Before the delivery gets to the Philippines, the firm can ask for an amount as a downpayment for the lumber.

After that, because he has insufficient money, it can use the down payment for the shipment. Additional payment for the shipment can be taken from full payment after the lumber has arrived or the firm can add money if it's already an affordable amount to pay.