If Shipment Is Made Under a Forfaiting Draft, the Exporter

question 25

True/False

If shipment is made under a forfaiting draft, the exporter is paid once shipment has been made and the draft is presented to the buyer for payments.

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Definitions:

Electromechanical

Pertaining to systems or devices combining electrical and mechanical components.

PLC Retentive Timer

A type of timer in a Programmable Logic Controller (PLC) that retains its value even after a power loss or when the PLC goes into a stop mode.

Motor(s) Operating

Refers to the condition where one or more electric motors are in the process of working or running.