Understanding Payment Terms in International Trade
12 Pages2442 Words463 Views
Added on 2021-08-30
About This Document
This article explains the different payment terms in international trade such as cash in advance, open account, letter of credit, bank's documentary collection, and cash against documents. It also discusses the risks and benefits of each payment term, credit insurance, and how to issue a letter of credit. The article also covers different types of letters of credit such as standby, transferable, confirmed, and back-to-back letters of credit.
Understanding Payment Terms in International Trade
Added on 2021-08-30
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