Financial policy in exports - International payments
7 important questions on Financial policy in exports - International payments
How can maximum security be achieved when it comes to international payments?
Which method of payment offers the greatest security?
What are the most commonly used methods of international payment?
- Payment in open account
- Payment against documents
- Credit against documents
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What is payment in open account?
payment is due, usually in 30 to 90 days. Obviously, this is the most advantageous
option to the importer in cash flow and cost terms, but it is consequently the highest
risk option for an exporter. B
What is credit against documents?
Which methods of international payment is advisable when trading with countries outside Europe or North America?
Name 6 examples of things parties can agree on when it comes to international payment
- Delivery terms
- Delivery time
- Transhipment
- Partial shipment
- Packing
- Destination
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