METHODS OF PAYMENT IN EXPORT

What is the first payment method discussed in the video?

• Letters of Credit

• Open Account

• Cash in Advance

• Consignment

Which payment method allows the seller to ship goods before receiving payment?

• Open Account

• Cash in Advance

• Consignment

• Inventory Collections

What is a key risk for sellers using the Consignment method?

• Loss of goods

• High shipping costs

• No risk at all

• Delayed payment

What does an LC protect the seller against?

• Non-payment

• Inventory loss

• High fees

• Delayed shipment

What should Niku consider when choosing a payment method?

• Product quality

• Market demand

• Shipping costs

• Export credit insurance