Factors determining Terms of Payment in Export Import trade

What Factors Determine Terms of Payment?



Factors determining Terms of Payment in Export Import tradeThe following factors are usually taken into consideration, while deciding the terms of payment:

A. Exporter's knowledge of the Buyer.

B. Buyer's financial ability.

C. Degree of security of payment, if advance payment is not considered.

D. Speed of Remittance.

E. Cost of remittance, which normally depends on speed of remittance.

F. Competition faced by the exporter.

G. Exchange restrictions in the importer's country.

 

Import General Manifest (IGM)

Importance of Bill of Lading

Introduction to this web site.

Is Airway bill a documents of title?

Is Customs House Agents (CHA ) required to be appointed mandatory?

Is DP terms of payment safe in export business?

Is Letter of Credit LC safe for an Importer?

Is ON BOARD CERTIFICATE required for LC negotiation

What is Rummaging

How does First Appraisement system of import customs clearance procedures work?

How does Letter of Credit work?

How does STP units work in India?

How does TT (Telegraphic Transfer) work?

How does Wire transfer work in international business?

Sea carriers


Does Interest attract on GST Tax payment delay?

Mechanism of Payment of GST tax in India 

Levy of late fee for GST Tax returns filing in India


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