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METHODS OF PAYMENTS
By
Shaukat Orakzai
TERMS OF PAYMENT
When negotiating with the buyer, the seller needs
to determine the detailed terms of payment to be
included in the sales contract. This can be a
complicated process in which, initially, both
parties could have different views.
In order to enter negotiations it is essential to
know what details the terms of payment must
contain and what minimum requirements the
seller must adhere to in order to maintain the
expected level of security.
REQUIREMENTS
When payment should take place (time of
payment)
Where payment should take place (place of
payment)
And
How payment should take place (method of
payment).
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Time of payment
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Place of payment
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Methods of payment
How payment is made depends on the role of the
banks involved and affects the security offered to both
buyer and seller
Popular methods of payment used in international
trade include:
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Thank You