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U 3FINANCING FOREIGN TRADE CASH IN ADVANCE Cash in advance is a term describing terms of purchase, when full payment for a good or service is due before the merchandise is shipped. This presents the least risk to a seller while having the most risk to the buyer.
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U 3FINANCING FOREIGN TRADE CASH IN ADVANCE ( CIA) Payment method in which an order is not processed until full payment is received in advance. Also called cash with order ( CWO).
U 3FINANCING FOREIGN TRADE CASH IN ADVANCE When to apply : Goods must be special Goods manufactured to buyer-only specification.
U 3FINANCING FOREIGN TRADE L/C When to make payment: After shipment is made Documents presented to the bank.
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U 3FINANCING FOREIGN TRADE Open Account Most of the foreign trade is conducted on an Open Account basis - as the most simple, straightforward and flexible method available.
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U 3FINANCING FOREIGN TRADE Open Account Payments for open account can be made in three main ways: Electronic funds transfer (i.e. SWIFT/IMT) Bankers draft Buyer's own cheque.
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U 3FINANCING FOREIGN TRADE Open Account Payments for open account can be made in three main ways: Electronic funds transfer (i.e. SWIFT/IMT) Bankers draft Buyer's own cheque.
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THANK YOU !
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