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Payment Methods in International Trade

Ozgur Eker (CDCS) -
There are 5 types of payment methods available in international trade. These payment types are cash-in-advance, open account, documentary collections, documentary credits (letters of credit)...
BANK PAYMENT OBLIGATION

Bank Payment Obligation – BPO

Ozgur Eker (CDCS) -
Each payment method in international trade has strengths and weaknesses. For example, open account and cash in advance payments are elementary payment options. They are...
URBPO - ICC Uniform Rules for Bank Payment Obligations

URBPO – ICC Uniform Rules for Bank Payment Obligations – ICC Publication No. 750

Ozgur Eker (CDCS) -
What Does URBPO Mean? The URBPO are the Uniform Rules for Bank Payment Obligations ICC publication No. 750. URBPO were approved by the ICC national committees...
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