The timely delivery of the product and due realization of the value is the fundamental requirement for any trade transaction. The payment term stipulations in the contract have the bearing on the risk considerations, costs 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 grave and lasting effects on the business.
• Methods of Trade
• Methods of Payment
• Collection Bill (Documentary Collection) Method
• Flow Chart.
ISBN – 13 : 978-8193434550