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In International Sales, where the parties involved are located in different countries, is very common to find specials kinds of payments different form cash to assured the risk and expenses that this may create.
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INTRODUCTION In International Sales, where the parties involved are located in different countries, is very common to find specials kinds of payments different form cash to assured the risky and expenses that this may create and most important, to avoid the loss of interest originated during the time of transit. One of the special payment systems is the transfer of funds. This type of payment is very useful for the seller in the sense that he would be assured that the goods which he has agreed to sell will be pay for and for the buyer because he can ensured that his money will not be handed over until someone on his behalf has obtained documents which represent the goods he had agreed to buy. Another method of payment commonly used in international transactions is de documentary credit, where the buyer substitutes his own promise to pay with that of his...
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