Payment and Credit
Choosing the Currency on a Grain Invoice
The invoice currency decides who carries the conversion. Pick it in the contract, then use it on every page.
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4 posts tagged "payment terms".
The invoice currency decides who carries the conversion. Pick it in the contract, then use it on every page.
Extending credit on a grain sale means the cargo can leave before the money arrives. Check the buyer, the limit, and the paperwork first.
Open account ships first and trusts the buyer to pay. A collection keeps the papers at the bank until the buyer acts.
Cash against documents releases the papers when the buyer pays. The bank does not promise the payment.