Which of the following terms of payment should an international purchasing manager use to guarantee that the shipment is made and the shipper gets paid for their product?
letter of credit (L/C)–An assurance by a bank that
payment will be made as long as the sales terms agreed to by the buyer and seller are met. This method
of payment for sales contracts provides a high degree
of protection for the seller. Agree with Dpinv
A letter of Credit payment is granted when delivery is made. Everyone wins both cash in advance and open account there is a risk . CIA risk on buyer. open account risk on seller
upvoted 4 times
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sparkyh
1 year, 1 month agodailong142002
3 years, 1 month agoDpinv
3 years, 11 months ago