Payment Terms in Export Business !! | How to get Advance payment in Export | by Paresh Solanki

Hello Viewer,

Before they even make their first sales call, exporters must determine the best way to get paid in full by their customers in a timely way. This means defining the terms of payment for international trade.

Most of the beginners of exports may worry about the terms of payment. Because, unlike other domestic business, you are dealing with a buyer who situates thousands of miles away from your place crossing borders of your country. You may or may not know the financial condition or credit worthiness of your buyer. You may not be meeting the buyer personally at initial stage, may not be aware of the specific policy of trade of buyer’s country, no idea about political status or natural calamity chances of the region etc.

Payment term in any business is a major part of sales contract. Terms of payment in exports and imports plays an important role in international business. So lets discuss Safest Payment term in Export Import Business.

Must Watch till end to know about payment terms

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