The agent who sells goods on credit and is responsible for the collection of debts fromthe relevant parties is ………………………... In addition to the commission he is alsoentitled to ………………………………………………….b) Depending on the requirements of the importing country, some agro products of theexporting country may require a certificate from an accepted authority to confirm thesuitability of the product for consumption is …………………………. certificate. Andthe document issued to the exporter by the Customs confirming that the goods werereceived and undertaken by them is ……………………………………………
Question
The agent who sells goods on credit and is responsible for the collection of debts fromthe relevant parties is ………………………... In addition to the commission he is alsoentitled to ………………………………………………….b) Depending on the requirements of the importing country, some agro products of theexporting country may require a certificate from an accepted authority to confirm thesuitability of the product for consumption is …………………………. certificate. Andthe document issued to the exporter by the Customs confirming that the goods werereceived and undertaken by them is ……………………………………………
Solution
a) The agent who sells goods on credit and is responsible for the collection of debts from the relevant parties is known as a Del Credere Agent. In addition to the commission, he is also entitled to Del Credere Commission.
b) Depending on the requirements of the importing country, some agro products of the exporting country may require a certificate from an accepted authority to confirm the suitability of the product for consumption. This is known as a Health Certificate or Phytosanitary Certificate. The document issued to the exporter by the Customs confirming that the goods were received and undertaken by them is known as a Customs Receipt or Customs Declaration.
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