International payment methods — types?
Cash in Advance, L/C, Documentary Collections, Open Account
International trade relationships — types?
Affiliated, Unaffiliated known, Unaffiliated unknown.
Cash in Advance — security?
Maximum security for sellers, payment before shipment.
Cash in Advance — security?
Maximum security for sellers.
Letters of Credit — role?
Guarantees payment upon conditions met.
Documentary Collections — security?
Less secure than L/C, relies on documents.
Open Account — risk?
High risk for sellers.
L/C process — step?
Bank guarantees, conditions must be met.
L/C parties — involved?
Applicant, issuing bank, advising bank, beneficiar.
Metti alla prova le tue conoscenze con 9 domande su International Payment Methods and Security.
1. What is an international payment method?
2. Which international payment method provides the highest security to the seller but is generally only suitable for small or new trading relationships?
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