unit 10 other terms of payment.pptVIP

Other Terms of Payment Content Discussion Introduction Useful sentences Practice Focal words Discussion Tell us the Main Modes of Payment in the international Trade Whom are involved in Collection? The Basic Process of the Collection When to use Documentary Collections? Introduction The payment plays a very important role in business. Terms of payment means way or method of making payment. The methods we use in payment in the clearing of international trade are the letter of credit (L/C), collection and remittance . Remittance A?bank,?at?the?request of its customer, transfers a certain sum