Payment and Credit
Why Advance Payment Makes Both Sides Nervous
Advance payment asks the buyer to fund grain before title and quality are settled. The worry on each side is rational.
Tag
credit risk
3 posts tagged "credit risk".
Payment and Credit
Payment Mistakes on a First Grain Export
First exports fail on vague payment terms, documents that cannot be collected, and a ship that arrives before the papers.
Payment and Credit
Open Account or a Documentary Collection
Open account ships first and trusts the buyer to pay. A collection keeps the papers at the bank until the buyer acts.