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Explain about foreign trade payment system​
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26 votes
26 votes
Explain about foreign trade payment system​

User Rob McFeely
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1 Answer

19 votes
19 votes

Answer:

The exporter's bank forwards the documents to the importer's bank. The importer's bank requests payment from the importer by presenting the documents. The importer makes payment and receives the documents and collects the goods. The importer's bank pays the exporter's bank and the exporter's bank pays the exporter.

User Estefany
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