Never lose potential business in Export to competitors by overlooking different payment terms
Never lose potential business to competitors by overlooking different payment terms in International Business.
Explore several payment terms and find the one best suited to your needs.
Getting paid in full and on time is the ultimate goal for each export sale; an appropriate payment term must be chosen carefully to minimize the payment risk while also accommodating the needs of the importer.
To succeed in today’s global marketplace and win sales against foreign competitors, exporters must offer their customers attractive sales terms supported by the appropriate payment methods.
In this video, I have covered the following:
• Different payment terms in International trade
• Advance Payment
• Documentary Credit (Letters of Credit – LC)
• Documentary Collection
• Open Account
About Speaker:- Isaac Tudu is an ex-banker with India’s largest Banks i.e. ICICI Bank and State Bank of India having more than 25 years of banking experience in Trade Finance and Credit. Isaac supports the SMEs in the area of International Banking and helps Bankers for CDCS Exam Preparation.
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