Introduction to International Trade Payments

In this learning unit you will:

Learn about the various methods of payment and the differences between them as used in international trade.

This will be achieved by:

- Outlining a definition of an international sale
- Explaining what a method of payment in international trade is.
- Examining how to receive and effect payment for international contracts of sale.
- Analyzing the various methods of payment in international trade.
- Learning about Collections and the difference between a Clean and Documentary Collection.

Completing this course will confer 2 CPD Credits towards internationally recognised Continuous Professional Development Requirements within organisations operating this kind of staff development methodology.

Course Outline

1. INTRODUCTION

1.1 Classification of Methods of Payment

1.2 Criteria for the Choice of a Method of Payment

1.3 Factors Affecting the Importer's and the Exporter's Choice

1.4 Trust and Good Faith

1.5 Bank Services

1.6 Receiving Payment for Bad Debts - Collection Agencies

1.7 Analysis of Methods of Payment

1.8 Other Methods of Payment for Export

1.9 Payback

1.10 Non-Monetary Methods of Payment

2. PAYMENT BY CHEQUE

3. BANK DRAFT

4. BANK TRANSFER

4.1 Documentary Payment Order

4.2 Documentary Payment Order

5. CLEAN COLLECTION

6. DOCUMENTARY COLLECTION

6.1 Documentary Collection

6.2 Documentary Collection

7. COUNTRIES AND PAYMENT TERMS

7.1 Countries and Payment Terms

7.2 Countries and Payment Terms

7.3 Countries and Payment Terms

7.4 Countries and Payment Terms

7.5 Countries and Payment Terms

8. BONUS China Systems BPO demo

8.1 BPO Opening Screen

8.2 BPO Background

8.3 BPO Background 2

8.4 BPO Background 3

8.5 What is BPO

9. BPO Process

9.1 BPO Process 1

9.2 BPO Process 2

9.3 BPO Process 3

9.4 BPO Process 4

9.5 BPO Process 5

9.6 BPO Process 6

9.7 BPO Process 7

9.8 BPO Process schematic

9.9 BPO Final

Further Reading

1 – Basic Summary of Methods of Payment

2 – Improving the Availability of Trade Finance during Financial Crises

3 – A Study of International Trade Finance Practices

4 – How Banks Affect Export Patterns

5 – International trade: Cost and efficiency of selected payment instruments

6 – UNCITRAL Model Law on International Credit Transfers

7 – Payment Methods in International Trade

Forum Assignment



Our Trade Finance courses were awarded Best Online Trade Finance Accredited Courses Globally by Capital Finance International Magazine in 2019!  Our trade finance online training offerings are endorsed by the International Finance Corporation for professional development in this area by its issuing and partner banks.  Our online certificate program is a great value for money way to prepare for the exams of the CDCS and CITF exams.  All our courses are also accredited for Continuous Professional Development (CPD) purposes by the CPD Certification Service of the United Kingdom which confirms they meet international CPD standards