image credit uthmag.com

image credit uthmag.com

ZIMSEC O Level Commerce Notes: International trade: Del Credere Agents

Del credere agents.

  • Del credere is Italian for “to trust”
  • Possess the goods they sell.
  • Have insurable interest on the goods in their possession
  • Sell goods on behalf of their principals.
  • Sell goods in their own names.
  • Deliver goods to their customers.
  • May borrow loans from financial institutions using the goods as collateral security.
  • Guarantee payment to their principals.
  • Receive a high commission.

To access more topics go to the Commerce Notes page.

 

 

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