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.
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3 posts tagged "grain sales".
Advance payment asks the buyer to fund grain before title and quality are settled. The worry on each side is rational.
Extending credit on a grain sale means the cargo can leave before the money arrives. Check the buyer, the limit, and the paperwork first.
A letter of credit pays against documents that match, not against grain quality. Read it before you load.