A step-by-step guide to the practices and procedures used in managing export trade finance, from cash flow and payment terms to credits and accounts-receivable managementdoes not transfer to the foreign customer until payment is executed by the paying bank under the letter of credit. ... The difference between accepting or not accepting to sell under these payment terms could be the gain or loss of a sale to competition, ... Figure 4-11 is an example of an irrevocable deferred payment credit.
|Title||:||Practical export trade finance|
|Author||:||Eugene W. Perry|
|Publisher||:||Irwin Professional Publishing - 1989|