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)
Methods of Payments in Import.
Letter of Credit.
Electronic bank transfers.
When the buyer is required to pay the entire sum owed at sight, this is known as a CAD payment term. This payment is made before the buyer's bank releases the paperwork (collecting bank). Sight draught or cash against documents are other names for it.
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