Selection of Trade Payment Method, Condition and Financing

The four basic terms of payment are (i) Advance Payment (ii) Letters of Credit (LC) (iii) Documentary Collection (iv) Open Account.

The selection of which payment term is used will largely depend on a number of issues, including: the relationship between the buyer and seller; the availability of facilities and working capital to the buyers and sellers; the countries involved in the transactions.

We will help and guide you as an exporter, to choose the best payment method to strike the deal based on the buyer’s background and your requirements.