METHODS OF PAYMENT

abhishreshthaa

New member
Methods of Paymen

• Open account: Goods and documents are dispatched to foreign customer. Payment is made on a previously agreed date (e.g. 30/60/90/120 days from date of invoice or receipt of goods


• Letters of Credit: A bank undertakes to pay the value of the goods providing the exporting firm has met all the conditions of the letter of credit


• Cash against documents: Once goods are shipped the exporter hands the required documents to his bank that claim against the importer’s bank.
 

rosemarry2

MP Guru
Methods of Paymen

• Open account: Goods and documents are dispatched to foreign customer. Payment is made on a previously agreed date (e.g. 30/60/90/120 days from date of invoice or receipt of goods


• Letters of Credit: A bank undertakes to pay the value of the goods providing the exporting firm has met all the conditions of the letter of credit


• Cash against documents: Once goods are shipped the exporter hands the required documents to his bank that claim against the importer’s bank.

hey friend,

Here I am up-loading Notes on Methods of Payment in International Trade, please check attachment below.
 

Attachments

  • Notes on Methods of Payment in International Trade.pdf
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