Book DescriptionSeries: The Short Course in International Trade Series | Publication Date: November 2002
If your international transactions involve the payment, receipt or transfer of money, this book will prove indispensable. Described in detail are the four primary payment methods: documentary letters of credit, documentary collections, pre-payment and credit transactions. Step by step instructions, accompanied by skillfully designed illustrations, are provided for both standard and special letters of credit, including revocable and irrevocable, confirmed and unconfirmed, back-to-back, deferred payment (usance), red clause, revolving, standby and transferable types. This book introduces each party to each transaction, contains lists of what can go wrong and provides solutions for common problems. The book is an excellent training tool for traders, bankers and brokers. Also covered: - Foreign exchange (forward contracts)
- Documents used in trade (major chapter)
- Letter of credit application and instructions
- Incoterms 200
- Cyber transaction on the Internet
- Glossary and bibliography

About the AuthorEdward G Hinkelman is an international economist with more then 25 years' experience as an Importer and exporter. He is the author of four books on International Trade, including Dictionary of International Trade, International payments and international trade documentation. He is also the author of World Trade Press Country Business Series --This text refers to an out of print or unavailable edition of this title.