Another successful day, Global Trade Champions! Let's continue growing together.
Two weeks ago, I uploaded a video on payment terms in international trade. Today, I’ve re-recorded it with enhanced visuals and additional content, and I’m excited to re-upload it. You’ll find a link in the description and comments where you can download the presentation in PDF format. I recommend watching the video first and then reviewing the PDF for a deeper understanding. It’s a great way to solidify your knowledge!
We come together to discuss a vital aspect of international business—payment terms in foreign trade. Now, I know that when we think about global trade, we often imagine bustling ports, vast cargo ships, and goods flowing across borders. But, behind the scenes, there is something even more fundamental that keeps this complex system moving—how we manage our financial transactions.
In the world of international trade, the way payments are handled can make or break a deal. It determines trust, reliability, and the very essence of our business relationships. We need to understand the risks involved—not just from the perspective of the seller or the buyer, but for both parties. Because it is only when both sides feel secure that trade can flourish.
So today, we will look into the various methods—Cash in Advance, Letters of Credit, Documents Against Payment, Open Accounts, and more. Each has its own risks, its own benefits, and its own story to tell. We'll explore how businesses can navigate these waters with confidence and security.
#lettersofcredit #internationaltradefinance #internationaltrade
01:59 Presentation started
02:18 Payment Terms: A Quick Guide
03:09 Cash in Advance
03:35 Letters of Credit (L/C)
06:24 Documents Against Payment (DP)
07:03 Documents Against Acceptance (DA)
07:24 Open Account (Trade Credit)
08:06 Consignment
08:30 Electronic Payment Systems and Their Growing Role in Trade
You can download the materials presented in this video from the following download links.
[ Ссылка ]
Payment Terms in International Trade.pdf - Google Drive
Thank you for watching!
