Methods of Payments

Objectives

This Learning Unit aims at analyzing various methods of payment used in international trade and outlining their differences, advantages and disadvantages both for the importer and the exporter.

Learning Unit Summary

In this Learning Unit we will examine how to receive and effect payment for international contracts of sale. Our focus will be on export methods of payment. The information presented here is also applicable to import transactions. The selection of the most suitable method of payment is a key factor of a successful export sale.

Course Contents

  • Introduction
  • Personal Cheque
  • Bank Draft
  • Bank Transfer
  • Clean Collection
  • Documentary Collection
  • Countries and Payment Terms

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