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* Payment Classification for traditional modes of payment Remittance .collection L/C Basic points for attention in international payments Although the currency to be used ,time and method of payment are all stipulated in trade contracts, attention should be paid to the following points in settling international payment. 1.As a result, international traders would pay or receive freely convertible currencies. 2.Time of payment can be different in international payments. 3.Methord of payment commonly used in international payments 4.Foreign exchange control is being enforced in all the