Payment Collection in International Trade

Eun Sup Lee
Additional contact information
Eun Sup Lee: Pusan National University

Chapter 5 in Management of International Trade, 2012, pp 119-185 from Springer

Abstract: Learning Objectives 1. Importance of shipping documents which should accord with the terms of the letter of credit for the collection of payment through negotiation with the concerned banks and treatment of the shipping documents which are not in accordance with the terms of the letter of credit; 2. Function of the bill of lading and air way bill in negotiating with the bank; 3. Contractual function of commercial invoices in letter of credit transactions; 4. Nature of the bill of exchange from the viewpoint of facilitation of international trade; 5. Proceedings of transactions through bills of exchange under the documentary letter of credit; 6. Treatment of documents delivered contrary to instructions under the terms of letter of credit; 7. Characteristics of the letter of credit from the viewpoints of the exporter and importer.

Keywords: International Trade; Supra Note; Insurance Document; Trade Credit; Expiry Date (search for similar items in EconPapers)
Date: 2012
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-642-30403-3_5

Ordering information: This item can be ordered from
http://www.springer.com/9783642304033

DOI: 10.1007/978-3-642-30403-3_5

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().