Types of payments terms in EXIM BUSINESS

  

Types of payments terms in EXIM BUSINESS


UNSAFE PAYMENT TERMS

 1. OPEN ACCOUNT TERM : 

In this term buyer get chance to his marzi.

He can do anything to your payments. NEVER ACCEPT THIS PAYMENT TERM.

2. (DP) DOCUMENTS AGAINST PAYMENT TERM :

NEVER ACCEPT THIS PAYMENT TERM.

In this term buyer will say send me scanned copy of  documents and if you send like his comments then you can get stuck. When you will send your products/things / container to the foreign port their custom will ask ORIGINAL DOCUMENTS TO FREE CONAINER FROM THAT PORT THEN WHAT WILL HELP GIVE. If he deny to accept the. You will be in. Trouble. So NEVER ACCEPT THIS PAYMENT TERMS. 


SAFEST PAYMENT EXIM TERMS 

L.C. (LETTER OF CREDIT)

THIS IS ONE OF THE SAFEST PAYMENT TERMS IN EXIM BUSINESS.

Bhaiyya pahle Paisa baad mein Maal.

In this term BANK IS MEDIATOR BETWEEN BUYER AND SELLER.

BANK WILL ACT AS GUARANTER BETWEEN BUYER AND SELLER. 

T.T. (TELEGRAPHIC TRANSFER) SAFEST TERM OF L.C. 

Bhaiyya pahle Paisa bank account mein jama kar lo baad mein Maal. 



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