Letter of Credit-The Best Method of Payment In International Business
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This document discusses and compares various international trade payment methods including cash in advance, consignment, draft or documentary collection, letter of credit, and provides a comparison of their advantages and risks. It outlines the process for letter of credit payments and was presented by Kiran Ambekar-01 (A), Amol Chate-05 (A), and Shrikant Deshmukh-06 (A).
Letter of Credit-The Best Method of Payment In International Business
- 1. Presented By Kiran Ambekar-01 (A) Amol Chate-05 (A) Shrikant Deshmukh-06 (A)
- 3. Advantages & Risks of Cash in Advance Payment
- 5. Advantages & Risks in On Consignment Method
- 9. Advantages & Risks of Draft or Documentary Collection Method
- 10. Process of the Letter of Credit Method
- 14. Comparison of Various Methods of Payments