7 Factors to choosing the right Method of Payment in International Trade

This is an animation video of a question relating to determining the right method of payment from the book : A Banker’s Insights on International Trade by Roy Becker.

Method of Payment in International Trade
   • Methods of Payment in International T...  

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In international trade there are movement of 3 items between the Exporter and Importer. From the Exporter to Importer, there are movement of goods and shipping documents. From the Importer to Exporter, there are movement of money. From these 3 movements of goods, shipping documents and money, there are 4 methods of payment which are
• Open account
• Advance payment
• Documentary Collection
• Documentary Credit

The video talks about 7 Factors for choosing the right Method of Payment in International Trade
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This video was produced by Sook Ling, Online Content Creator

Tradelinks Resources conducts public training programs for the following International Trade courses in Malaysia
1. Incoterms 2010
2. Letters of Credit
3. Bills of Lading - Correct Preparation To Avoid Rejection by Banks