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Entering Target Markets: Difference between revisions
→Lesson 4 - Documents and payments in international business
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* The '''[[w:International Bank Account Number|International Bank Account Number]]''' ('''[[w:IBAN|IBAN]]''') is an internationally agreed means of identifying [[w:bank account|bank account]]s across national borders with a reduced risk of [[w:transcription error|transcription error]]s. ( Wikipedia ) | * The '''[[w:International Bank Account Number|International Bank Account Number]]''' ('''[[w:IBAN|IBAN]]''') is an internationally agreed means of identifying [[w:bank account|bank account]]s across national borders with a reduced risk of [[w:transcription error|transcription error]]s. ( Wikipedia ) | ||
'''[[w:Document|Document]]s in [[w:international trade|international trade]]''' (from teacher's slides): | |||
[[w:Exporter|Exporter]]: | |||
:* [[w:commercial invoice|Commercial invoice]] | |||
:* [[w:packing list|Packing list]] | |||
:* [[w:insurance|Insurance]] certificate | |||
:* [[w:inspection|Inspection]] certificate | |||
:* [[w:Bank draft|Bank draft]] | |||
:* [[w:certificate of origin|Certificate of origin]] | |||
:* [[w:Bill of Lading|Bill of Lading]] | |||
Both: | |||
:* [[w:sales contract|sales contract]] '''''or''''' [[w:pro forma#Invoices|pro forma invoice]] and [[w:Order (business)|order]] | |||
[[w:Importer|Importer]]: | |||
:* [[w:Purchase order|Purchase order]] | |||
:* [[w:Letter of Credit|Letter of Credit]] application | |||
:* [[w:Import|Import]] declaration | |||
'''Methods of [[w:payment|payment]]''' | |||
* '''Open account''' | |||
* '''[[w:Documentary collection|Documentary collection]]''' is a process, in which the [[w:seller|seller]] instructs his [[w:bank|bank]] to forward [[w:document|document]]s related to the [[w:export|export]] of goods to the [[buyer]]'s bank with a request to present these documents to the buyer for [[w:payment|payment]], indicating when and on what conditions these documents can be released to the buyer. ( Wikipedia ) | |||
* '''[[w:Documentary credit|Documentary credit]]''' -> L/C | |||
* '''[[w:Advance payment|Advance payment]]''' | |||
== Lesson 5 - NO CLASS == | == Lesson 5 - NO CLASS == | ||