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RISK REDUCTION METHOD IN FOREIGN TRADE

STAND-BY LETTER OF CREDIT (Stand-by Letter of Credit)  One of the most important risks encountered in foreign trade is that the promised good is not in the amount, type, and quality specified in the contract or the price is not paid. It is observed that the parties generally tend to keep costs low such as...

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PAYMENT METHODS IN INTERNATIONAL TRADE

  The delivery of the goods sold in international trade, the payment of the price, and the occurrence of risks vary according to the delivery and payment methods accepted between the parties. The issue of which party the payment methods and the risk are mostly against is directly related to the payment methods and the...