Visit the Financial Considerations page of the Export.gov website to learn more about various financial considerations available for the exporter, especially the Methods of Payment section.

While exploring this page, choose Trade Finance Guide from the menu, and read the information about cash in advance, letters of credit, documentary collections, open accounts, and consignment.

Compare and contrast the pros and cons of each method. Also, discuss under what conditions you would or would not prefer to use each method. What other factors (e.g., country, product, competition, etc.) would influence your choice about which payment method to use?