How to Manage Payment Risk in Export.

How to Manage Payment Risk in Export.

1. Export in Advance Payment: Requesting full payment upfront before shipping the goods to the buyer reduces the risk of non-payment, ensuring immediate receipt of funds.
2. 30% Advance and 70% Before Delivery: Requiring a partial payment upfront and the remaining amount before delivery provides some security against non-payment while allowing flexibility in managing cash flow.
3. Letter of Credit: Utilizing a letter of credit issued by the buyer's bank guarantees payment upon compliance with the specified terms and conditions, mitigating the risk of non-payment.
4. 20% to 30% Advance and 70% to 80% Credit: Accepting a partial upfront payment and extending credit for the remaining amount allows for a balanced approach, providing some payment security while accommodating the buyer's financing needs.

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Ahmedabad Training Date- 7th, 8th, 9th July 2023
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OnlineExim.com by Paresh Solanki
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