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)
In export, a DA payment term is an agreement in which the buyer is only compelled to pay after a certain period of time has passed. The buyer accepts the time draught and promises to pay in this way. The bank can deliver the documents to the buyer once this acceptance is obtained.
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. In this payment method, acts as an intermediary to assist in the completion of the trade transaction.
The payment period is the interval between when a debt is incurred and when it is due for repayment. The average payment period is the amount of time it takes a corporation to pay its creditors. The payment period for credit card payments is normally roughly a month from the time the item was purchased.
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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.
Abhay chaturvedi
5
Very nice 👍❤️
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Anuj Tyagi
5
This course is Good and the way of teaching is also good. Every minor details are provided in an easy way.
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Mohammad Zafar Khan
5
awesome
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Prabhat Yadav
5
Superb and amazing 😍🤩 enjoyable experience.
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Tejaswini Chikane
5
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Akash Kumar Parashar
5
Sir what will be the CBM of a drum having 14*22" and weight 25Kg and no of drums is 40 ?
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Subhash Rajput
5
Star hiro
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Sumant Andhare
5
Very informative course
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Himanshu Kulshreshtha
5
Dear Sir,
Myself Himanshu Kulshreshtha and I have attended the training The Export Import Course from https://www.learnvern.com. I am highly thankful for the training that I have received.
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