CHAPTER 17 Export and Import Financing Ⅰ. Teaching Objective Let students have general knowledge of export and import financing Ⅱ. Teaching Focuses L/C, Draft, and B/L Lack of trust Because of living in a different country, speaking a different language, and abiding by a different legal system, it is difficult to track down if the other party defaults on an obligation. That causes the lack of trust. The lack of trust ---- exacerbated by the distance between the two parties (in space, language, and culture as well as the problems of using an undeveloped international legal system to enfor
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