What Factors Determine Terms of Payment?
The 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
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