unit_terms_of_payment.pptVIP

Unit 7 Payment and L/C支付与信用证 Contents Part One Part One As far as the seller’s benefit is concerned, Letter of Credit is better than D/P. D/P at sight is better than D/P after sight, whereas D/P is better than D/A. In international trade, payment through collection is accepted only when the financial standing of the importer is sound or where a previous course of business has inspired the exporter with confidence that the importer will be good for payment. Three basic methods of effecting payments in international business: Remittance is a process that the payer instructs his bank or insti