In the international trade market for export import trade, there are three main payment methods: Payment in full. Bills are collected. L/c (Letters of Credit)
Payment terms are the terms under which international commerce parties agree to fulfil payment. They are commonly referred to as the payment options that exporters and importers can use to complete their trade agreement. Payment terms cover a wide range of crucial aspects of the trade agreement.
The most well-known kind of payment in international trade is a letter of credit. In an import letter of credit, the bank of the importer guarantees to the supplier that the bank will pay the agreed-upon sum whenever the supplier or exporter meets the letter of credit's terms and conditions.
mport Financing Method #1: Advance Payment.
Import Financing Method #2: Letters of Credit (LCs)
Import Financing Method #3: Cash Against Documents (CAD).
A letter of credit (LC) is a written document issued on behalf of the importer by the importer's bank (opening bank). The exporter is insured by its issue that the issuing bank would pay the exporter for the foreign trade undertaken between the two parties.
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Reviews
J
Jay Vyas
5
This is just awesome course. I gained so much knowledge about Import-Export Business by learning this course.
LearnVern, you are doing an awesome job by teaching for free.
S
SACHIN
5
AWESOME
R
Rudra S
5
Excellent Tutor Kunal Sir has a lot of knowledge about the topic
A
AKASH KIRAN GURAV
5
Detailed course 👍🏻
D
dsfdsfsdf
5
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T
Toibur rahman
4
great content. make new updated course please
K
Ketan Santosh Sawant
5
Thank you so much LearnVern....😀And Specially kunal Sir
"This course offers knowledge that is not freely available on any platform. The entire course has been taught step by step, providing a comprehensive understanding."
C
chauhan vijay
5
What a course..... thank u so much for this opportunity...
R
Raj kalariya
5
The course content is excellent, attractive, and understandable. If there is a detailed PDF of the course content, then it will be very helpful for viewers to revise the content.
A
Abhishek Bharti
5
The course offers comprehensive content on the export-import process, including documentation, regulations, and logistics. The instructor is experienced, sharing practical insights alongside theory. Hands-on assignments add value, though more real-world projects could enhance learning. The certification is well-recognized, adding credibility to a resume. While resources and flexibility are strong, student support could be faster. Overall, it provides excellent value for those seeking to advance in international trade.
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