Roc engineering a chinese shipbuilding company agrees to


ROC Engineering, a Chinese shipbuilding company, agrees to build a fleet of submarines for the Sri Lankan navy, for which it will be paid in Sri Lankan currency. As per the agreement, ROC must also spend a substantial amount of the money it generates through this deal within the country. In accordance with the contract, ROC buys Sri Lankan tea at a reduced rate. This is an example of which of the following forms of countertrade?

  • offset

  • barter

  • compensation deal

  • descending bid

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Mathematics: Roc engineering a chinese shipbuilding company agrees to
Reference No:- TGS01538363

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