Tag: Letters of Credit
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)...
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...