Methods Of Payment In International Trade

In today's world, as a result of the spread of foreign trade between countries, trade is now the focus of small-scale companies as well as large-scale companies. As a result of this, it has become necessary to establish procedures for the delivery terms of goods in foreign trade and the payment terms of the costs of the delivered goods. Payment methods in foreign trade are made in the terms determined by the ICC International Chamber of Commerce.

Different types of payment methods are used in international trade, depending on the degree of trust between the importer and the exporter and the risks undertaken by the parties. The most common of these payment methods, which depend on the contract and will of the parties, are as follows: