Bank International Worlds

BANK INTERNATIONAL: It is impossible in international trade without a bank for all services rendered by them, such as advice on financial matters and its potential risks. It is true that one critical hurdle for SMEs, the lack of information on international trade processes, documentation and banking procedures necessary to perform abroad. For the result of international trade-oriented and cost, you will probably need access to accurate and timely information and knowledge about the banking sector.


Payment methods in international trade

Of course, all payments are made in international trade is carried by the bank or by bank transfer or check, the latter prefer to not be not the fastest. Below are some common ways of payment in international trade.

First Bank project is to get a cheaper and easier option, but there is a risk of loss in transit. The only advantage it has is faster to check credit that the exporter receives.

Second Letter of Credit. This instrument of trade for both sides comfortable for both parties. The exporter will be paid when he received a copy of Bol (waybill) from the shipping company and the LoC, the Bank produced, regardless of whether the shipment arrived at the destination or not.

Third The transfer option is by far the fastest and cheapest way in which to ask the importer's bank, the amount will be transferred to the account of the exporter. The first time the transfer takes place in about 10-15 days, depending on destination and delivery of the bank. International transfers are carried out by intermediary banks / correspondent banks worlds.

4th Although not in a big way, Accept some manufacturers in China for small amounts, such as the $ 5,000 Paypal but require 3% more to compensate for the charges. Paypal is the easiest and fastest way of payment in international trade.