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Payment Methods in International Trade

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)...
Differences Between Cash Against Documents and Letters of Credit

What Are the Differences Between Cash Against Documents and Letters of Credit?

Letters of credit (l/c) and cash against documents (documentary collections, cad) are both payment methods in international trade. Their combined share is around 50% in...
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