Payment Methods and Finance for International Trade

Author: Sang Man Kim
Publisher: Springer International
ISBN: 9789811570414

Published In: October 2021
Format: Paperback
Jurisdiction: Singapore ? Disclaimer:
Countri(es) stated herein are used as reference only
Hardback Edition ISBN: 9789811570384

AU$146.27

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Description
Contents

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This book explains various methods of payment in international trade and trade finance schemes for international trade. It also presents an overview of the concepts, purposes, features, and risks of international trade.

A grasp of the features and risks of international trade facilitates a better understanding of the numerous methods of payment in international trade and the relevant trade finance schemes, which is essential to success in international trade transactions. In order to complete an international trade transaction, depending on the terms, both parties need access to funds. Compared with large companies, small and medium-sized enterprises (SMEs), frequently face difficulties in raising capital or funds, but financing an international trade transaction is often the key to its successful completion. As such, selecting an appropriate financing mechanism from the various options available is vital.

This book offers a systematic overview of international trade and payment together with trade finance, providing instructive examples and illustrations of trade documents, each method of payment, and trade finance including export credit insurance or guarantee.

Chapter 1: Introduction to International Trade

Chapter 2: International Trade Contracts

Chapter 3: Documents for International Trade

Chapter 4: Overview of Payment Methods

Chapter 5: Payment in Advance (Cash in Advance)

Chapter 6: Open Account

Chapter 7: Documentary Collection

Chapter 8: Documentary Credits

Chapter 9: UCP and L/C Examples

Chapter 10: Other Payment Methods

Chapter 11: Independent Guarantee (demand guarantee, standby L/C)

Chapter 12: Trade Finance for International Sale of Goods