December 2015
Intermediate to advanced
313 pages
16h 2m
English
Content preview from International Business, 2nd Edition by Pearson
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92 International Business
INTRODUCTION
International trade is an important aspect of global business. This chapter explores various aspects of
finance for international trade.
There are two major issues in the process of the financing of international trade:
1. The methods of payment used and
2. The sources of finance for the exporter.
INTERNATIONAL TRADE PAYMENT
There are four main modes of payment used in international trade—cash in advance, letter of credit
(L/C), documentary collection, and open account terms. The risk of bad debts for the exporter increases
along this sequence.
Cash in Advance
Cash in advance refers to payment that is receiv ...
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