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Entering Target Markets: Difference between revisions
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→Lesson 4 - Documents and payments in international business: fixing link
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'''Methods of [[w:payment|payment]]''' | '''Methods of [[w:payment|payment]]''' | ||
* '''Open account''' | * '''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 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 [[w:buyer|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:Documentary credit|Documentary credit]]''' -> L/C | ||
* '''[[w:Advance payment|Advance payment]]''' | * '''[[w:Advance payment|Advance payment]]''' | ||