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Foreign supplier payment

Sports and Sports Equipment
From Afghanistan
To Iran
467 views / 0 experts
Kerim A.
Jul 28, 2020
How should I pay my foreign supplier?

1 answer

Raymond Y.
Jul 28, 2020

There are many standard methods of paying for imports, each with its own associated monetary costs and risks. Four common options, ranging from most secure (to you, the importer) to most risky (which will be the most secure to your exporting counterpart) are open account, documentary collection, letters of credit, and cash in advance. Typically, a larger local bank (with its own international trade services department) can help you through the process.

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