- Marmara Üniversitesi Hukuk Fakültesi Araştırmaları Dergisi
- Volume:16 Issue:3-4
- INTERNATIONAL PAYMENT METHODS
INTERNATIONAL PAYMENT METHODS
Authors : M Hakan TÜFEKÇİ, Ünal CANAN, Canan ÜNAL
Pages : 327-351
View : 105 | Download : 10
Publication Date : 2010-04-01
Article Type : Conference Paper
Abstract :In international trade, mainly four payment methods are used, which are insert ignore into journalissuearticles values(i); open account insert ignore into journalissuearticles values(cash against goods);, insert ignore into journalissuearticles values(ii); advance payment insert ignore into journalissuearticles values(prepayment);, insert ignore into journalissuearticles values(iii); bills for collection insert ignore into journalissuearticles values(documentary collection);, and insert ignore into journalissuearticles values(iv); letters of credit insert ignore into journalissuearticles values(documentary credit);. These payment methods attempt to reconcile the conflicting economic interests of the parties involved in international transactions. The exporter insert ignore into journalissuearticles values(seller);, on the one hand, would want fairly to obtain the purchase price as soon as possible, however, if the transport documents are documents of title to the goods, the exporter will not wish to part with these before having received payment, or at least confirmation that his draft has been accepted whereas the importer insert ignore into journalissuearticles values(buyer);, on the other hand, would wish to postpone payment of the purchase price until the documents are no longer in the disposition of the exporter1. The main factors, determining which payment method will be used are trust relationships between the parties, characteristics of the good, strength of parties in terms of negotiation, risk ratio of states in which parties domiciled or transaction to take place, cost etc.2Keywords : INTERNATIONAL, PAYMENT, METHODS
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