The timely delivery of the product and due realization of the value is the fundamental requirement for any trade transaction. The payment terms stipulation in the contract have bearing on the risk considerations, costs involved and the time involved. As compared to the domestic trade, such risks are very high in the international trade and the lack of proper understanding may create a lasting effect on the business.
ISBN – 13 : 978-8193434550
EXIM Payment Terms and Export Bill on Collection Basis
Aug 31, 2018