International Trade | Primadollar International Trade | Blankets Bookmarking Site
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In international trade, various modes of payment are being used for import and export trade. These are Cash in Advance, Open Account, Documentary Collection and Letter of Credit (L/C). The global transactions gradually changed to Open Account which means transaction against a contract and provision of deferred payment or payment at sight. This is on the basis of traditional trust among businessmen throughout the world.


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