Payment method where the importer pays after goods clear customs; low risk for importer, high risk for exporter.
A payment method where the importer issues a bank-guaranteed bill of exchange to the exporter for a specified amount at maturity.
A bank-guaranteed payment method where the bank pays once LC conditions are met, with the importer’s bank acting as the intermediary.
A type of LC where a confirming bank determined by the exporter provides their payment undertaking in addition to the issuing bank.