Methods of Payment in International Trade

Content
4 modules

Difficulty
Basic

Rating

Course Length
5 hours

Instructor
eBSI Export Academy

Description

THIS COURSE IS A COMPONENT OF THE CERTIFIED TRADE FINANCE PROGRAMME
The eBSI Finance of International Trade (FIT) Certificate Programme has been established to provide partcipants with:
•    Structured Training in best practice in International Trade Finance
•    Access to an International Network of Trade Finance Professionals
•    Certification from Institute of Export UK
•    Trainees who complete the Finance of International Trade Online Course qualify for 16 PDUs towards CDCS Recertification for the Certified Documentary Credit Specialist Accreditation offered by BAFT-IFSA and IFS.
•    An ongoing infrastructure for professional development, networking
and global trade facilitation.

By taking this course you will complete one of the 10 constituent modules of the Full Finance of International Trade Course.

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.


 Having trouble accessing the course? Email us at support@ebsi.ie or contact us on Skype at ebsikiltimagh and we will help you out!  

Objectives

Upon completion of this unit you will have gained a basic and practical understanding of the various payment options available in International Trade.

Detailed Topic Listing as follows:

 

 

LU FIT 001 Methods of Payment

   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

End of Unit

 

Certificate

By completing/passing this course, you will attain the certificate eBSI International Trade Short Course Certificate

Learning Credits

Contact Hours
5.0
CPD
2.0
1
LU_FIT_001_Methods_Payment
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Access Discussion forums for ITS - LU - FIT - 001 - Methods of Payment
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PDF Unit Summary - ITS_FIT_001 Methods of Payment
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Added about 1 month ago, by Sixte
It was very easy and I got 100% However veery intersing regards sixte
 
Added 3 months ago, by JEZELLE
Very informative!
 
Added 4 months ago, by Evelina
Interesting but a bit complex course
 
Added 4 months ago, by Che-Alota
GOOD
 
Added 5 months ago, by Anonymous
THE COURSE WAS HIGHLY CHALLENGING BUT ITS CONTENT WAS FRUITFUL AND LEARNED A LOT
 
Added 6 months ago, by Imran
GOOD
 
Added 6 months ago, by Anonymous
this course was well detailed, informative and helpful.
 
Added 6 months ago, by Vandy
good
 
Added 7 months ago, by Vino
Great indeed concepts of international payment process and its types with examples and resources .
 
Added 7 months ago, by Anonymous
ok

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