Question
THIS QUESTION IS REGARDING INTERNATIONAL METHODS OF PAYMENT 3 - Youre an exporter of raw material. You must close an operation and you have not
THIS QUESTION IS REGARDING INTERNATIONAL METHODS OF PAYMENT
3- Youre an exporter of raw material. You must close an operation and you have not defined the means of payment to use. You have three options: transfer, documentary credit and credit card. The importer requires you the financing of the operation, you must consider this situation. However you need to pay your local supplier of raw material.
How can you pay your local supplier before the deadline for the funding given by the importer and prior to export of the goods? What means of payment can you use?
Assuming that you are in your first transaction with your importer. How would you do in this case to pay your local supplier?
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