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METHOD OF PAYMENT - Coggle Diagram

- - - - EXPORTER
      - HE SIGNS THE BILL
    - - IMPORTER
      - HE RECEIVE BILL AND PAY IT
    - - DRAWER
  - - - DRAWER,DRAWEE,PAYEE
    - - DRAWEE,DRAWER
- - - - OPEN ACCOUNT
        
        GOODS AND DOCUMENTS ARE SENT TO THE IMPORTER BEFORE HE OR SHE PAYS
        
        IL VENDITORE CONCEDE UN PAGAMENTO POSTICIPATO ALL'ACQUIRENTE
      - IS A PAYMENT ORDER IN WICH THE IMPORTER S' BANK TRANSFER AN AMOUNT OF MONEY INTO THE EXPORTER'S BANK
      - SWIFT
        
        REQUIRED FOR INTERNATIONAL PAYMENTS
      - IBAN
- - - - THE IMPORTER'S BANK SENDS THE LETTER TO THE EXPORTER'S BANK
        
        THE EXPORTER'S BANK CALLS THE EXPORTER AND INFORM ABOUT THE LETTER OF CREDIT
        
        THE EXPORTER REVIEWS ALL THE CONDITION LISTED IN IN THE L/C
        
        THE EXPORTER DISPATCHES THE GOOD
        
        THE IMPORTER RECEIVE GOODS AND PAYS OR AGREES TO PAY IT A FIXED FUTURE DATE