On: April 30, 2018 By: Roy Becker
There are four basic payment terms for an export sale: (1) cash in advance, (2) letters of credit, (3) collections, and (4) open account. Exporters should ask these seven questions before agreeing to a specific term.
On: April 2, 2018 By: Roy Becker
If a bank finds a discrepancy in a letter of credit, they will typically contact the importer to see if they want to waive them. Here's when and why an importer may do so.
On: February 5, 2018 By: Roy Becker
As circumstances change in your export markets, you must be prepared to adjust your payment terms to minimize evolving risks.
On: November 6, 2017 By: Roy Becker
Visiting a potential customer in another country requires more planning than visiting a domestic prospect. Language, for one, can be a barrier.
On: September 4, 2017 By: Roy Becker
A Banker's Acceptance (B/A) can be used to finance an export shipment. Misplacing the B/A can have significant financial consequences.
On: August 7, 2017 By: Roy Becker
Letters of credit often call for export documents with interesting conditions, such as the presentation of a full set of ocean bills of lading. In order to present a full set of documents, you must first know what comprises a full set.
On: July 10, 2017 By: Roy Becker
Successful exporters develop a tactical global strategy before entering new markets. Most often, they start in the US, the best place to build a business.
On: June 12, 2017 By: Roy Becker
Make sure you understand the changes you need to make to your products - and their related instructions - when exporting to foreign markets.
On: May 8, 2017 By: Roy Becker
A Standby Letter of Credit helps a Colorado football team ensure they'll get paid for a game down under.
Be among the first to know every time a new article has been posted. It is absolutely free!
Previous Page 
Join the 33,143 other exporters and importers who get the latest news, tips and insights from international trade professionals.
