Question

Topic: Other

Mode Of Payment For Exporters

Posted by Anonymous on 2/11/2004 at 11:56 AM ET 125 Points
Hello there!

I currently have a situation wherein I have to revise a book in International Marketing (Going Global by Esguerra and Suplico). Anyway, I need to know the latest mode of payments in terms of exporting. The book is already about to be outdated because it was published since 1998. I need your inputs and these will be greatly appreciated.

Thanks a lot!
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RESPONSES

  • Posted by ReadCopy on 2/11/2004 at 2:18 PM Accepted
    Lots of information here:
    https://www.unzco.com/basicguide/c12.html
  • Posted by Blaine Wilkerson on 2/12/2004 at 7:21 AM Accepted
    Being in importing/exporting myself I can tell you exactly what is utilized:

    1. L/C ( Letters of Credit)

    2. Bank Wire Transfers

    In some rare occasions regarding small shipments, credit card processing and business/cahsiers checks are accepted but rare.

    Since most exports are large shipping containers worth several thousand (or million) dollars, a manufacturer or distributor will not even think about loading the boat without having an L/C in his/her hand or the money already in the bank.

    Good Luck!


    I hope this helps!
  • Posted by ReadCopy on 2/13/2004 at 1:55 AM Member
    There is specif information on exporting to the Philippines here: https://tradelinephil.dti.gov.ph/betp/exp_procedures
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