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PAYMENT IN INTERNATIONAL TRADE, OPEN ACCOUNT, BANK TRANSFER - Coggle…
PAYMENT IN INTERNATIONAL TRADE
problems
buyer and sellers can be distant
goods long time to arrive
buyer and sallers not know each other’s
can be problem for legal system or currencies
coditions decides
seller
can vary for
situation country
The buyer’s credit standing
the trast in buyer
OPEN ACCOUNT
least secure for seller
use only sure to recive payment
most secure for buyer
all are sent to buyer directly
good, documents
with request for payment
BANK TRANSFER
Simple transference of money
acount importer to account exporter
most fas metod of pyment
procedure
bank of importer transfer ammount
bank of esporter receives