The Factors Affecting the Adoption of SWB for the International Trade: Why are SWB Usage Rates of Trading Companies Low?
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In recent years, the use of Sea Waybills(SWBs) has increased. But, it is pointed out that trading companies hardly use SWBs. Why their usage rate of SWBs is low? It is not considered enough in the previous study on this SWB. So, this study explains the reason why the usage rate of SWBs for trading companies is low by way of case studies. As a result, the reasons are as follows. Firstly, there are many business contacts with low mutual trust. They have no capital ties, or very limited dealing records. Terms of payment are mostly remittance. In such dealings, purchasers and banks demand B/Ls, which makes the usage of SWB low. Secondly, during transactions with companies with high mutual trust, other terms of payment other than remittances are demanded depending on what kind of commodities they are dealing. Thirdly, the use of B/L is demanded by the system (laws, rules, and business customs).
Abstract
In recent years, the use of Sea Waybills(SWBs) has increased. But, it is pointed out that trading companies hardly use SWBs. Why their usage rate of SWBs is low? It is not considered enough in the previous study on this SWB. So, this study explains the reason why the usage rate of SWBs for trading companies is low by way of case studies. As a result, the reasons are as follows. Firstly, there are many business contacts with low mutual trust. They have no capital ties, or very limited dealing records. Terms of payment are mostly remittance. In such dealings, purchasers and banks demand B/Ls, which makes the usage of SWB low. Secondly, during transactions with companies with high mutual trust, other terms of payment other than remittances are demanded depending on what kind of commodities they are dealing. Thirdly, the use of B/L is demanded by the system (laws, rules, and business customs).
참고문헌 (16)
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