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International Trade Finance Payment Methods
This 90-minute will help exporters and importers understand the three international trade finance methods of payment; to include Letters of Credit, Documentary Collections and Open Account; and their variations. You will also learn the pros and cons of each method and what documents are used to effect each type.
Companies that export and import products can use Documentary Letters of Credit, Documentary Collections or Open Accounts to purchase and sell goods globally. Understanding the proper application and documents involved will assist in the reliable payment for goods sold. Understanding the proper application of each type of payment will provide the most competitive possible terms of sale.
This 90-minute webinar will help exporters and importers comprehensively understand the three international trade finance methods of payment and their variations. We will also review the pros and cons of each method and what documents are used to effect each type.
Attendees will learn how to use and apply all three international trade finance payment methods and what documents are used to effect each type.
- What is a Documentary Letter of Credit
- What is a Documentary Collection
- What is a Document Payment
- What is a Document Acceptance
- What is a Clean Collection
- What is Open Account
- What are the pros and cons of each type of payment method
- What are the documents involved to effect the payment of each method
- How can I assure payment for my shipment
Who Will Benefit:
This webinar will provide valuable assistance to all companies that export or import goods and need to be assured they will receive payment and their goods; while providing the most competitive terms of sale.
- Export companies
- Import companies
- Freight Forwarding companies that must ship under each method of payment.
- Bank staff involved with bank trade finance services.
John W. Dunlop, is CEO of InterNetLC.com, LLC. InterNetLC.com provides the eTrade Finance Platform as an open source web service for online eUCP Letter of Credit and trade finance transactions. The company also provides Documentary Letter of Credit Management services to assist exporters and importers in managing the letter of credit process from purchase order to final payment. InterNetLC.com, LLC has been awarded an Export Achievement Certificate for accomplishments in the global marketplace by the US Commercial Service.
ComplianceOnline would process/provide refund only if the Live Webinar has been cancelled. The attendee could choose between the recorded version of the webinar or refund for any cancelled webinar. Refunds will not be given to participants who do not show up for the webinar. On-Demand Recordings can be requested in exchange. Webinar may be cancelled due to lack of enrolment or unavoidable factors. Registrants will be notified 24hours in advance if a cancellation occurs."
For substitution, please email firstname.lastname@example.org or call +1-650-620-3937.
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Transferable Letters of Credit for Export Financing The Global Business Model for International Trade INCOTERMS 2012 - International Commercial Terms Documentary Letter of Credit Terms and Conditions: For Importers and Exporters