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Consignment in International Trade Consignment in international trade is described as a variation of open account. In this arrangement, payment is sent to the exporter only after the goods have been sold by the foreign Read more
A Letter of Credit (L/C) is identified in the sources as a method of payment used in international trade. It is described as a written obligation and a formal document issued by a bank on Read more
An Open Account is identified as a method of payment used in international trade. It is categorized as a form of trade credit. Trade credit, in general, arises when a firm purchases goods from another Read more