General

What are the payment methods for foreign trade,?

1. Agent payment is applicable to individual SOHO and small and medium-sized enterprises. As there is no import and export right to choose a foreign trade payment method, this foreign trade payment method can avoid risks. It is to find a large-scale foreign trade comprehensive enterprise, and according to the national import and export process, as long as it is legal trade, it can be done. Not only can it improve the ability to accept orders, but it can also maximize profits. The advantage of doing this is that you are a foreign trade company, and you can find them to act as an agent for anything that a foreign trade company can do.

2. L/C letter of credit, also known as forward and sight, refers to a written guarantee issued by the issuing bank to make payment within a specified time limit based on documents that meet the requirements of both the buyer and seller. L/C letter of credit is relatively safe due to its bank guarantee, making it the most common foreign trade payment method in foreign trade.

3. D/A D/A acceptance is a foreign trade payment method in which the exporter issues ownership and other shipping documents to the importer after the importer accepts the bill of exchange at the request of the collecting bank.

4. D/P payment against documents, which means that when the exporter submits the remittance and the same shipping documents to the bank for collection, and requires the bank to hand over the shipping documents only after the importer has paid the full amount. According to different payment times, it can be divided into sight payment and forward payment.