Documentary Collections as a Payment Method
Documentary collections is an important payment method especially as an alternative to letters of credit. This webinar highlights how documentary collections are positioned against other payment methods, how they work, and the risk in using them as a payment method.
Why this matters to your business
Documentary collections can be an effective way to balance the risks between exporter and importer with much less cost than letters of credit. But they also involve risks to the exporter.
- Documentary collections offer very good protection to the importer
- The exporter has more risk with collections than with a letter of credit, but must less risk than open account.
- Documentary collections would be a good option as a company develops a strong relationship with an importer after using letters of credit.
- Documentary collections are not suitable for air shipment.
Business challenges you may face without this knowledge
- Exporters will be less competitive against other companies which offer collections as a payment method.
- Letters of credit can put a cash flow challenge on the importer
- But exporters much also understand the risks.
Who should watch this webinar
- Any company trading internationally.
- Trade resources and advisers
Expert
Key things you will learn to help your business
- How documentary collections are positioned versus other payment methods.
- What they are not – contrasting collections versus letters of credit.
- How they work and what are the risks?
- Understanding the difference between documents against payment (D/P) and documents against acceptance (D/A).
NASBITE 0.5 CEU's
NASBITE International Certified Global Business Professionals are required to submit 10 Continuing Education Units (CEUs) per year to satisfy their yearly credential re-certification.
This training webinar will be recognized by NASBITE International as 0 CEUs
Details of all training and dates on the Trade Passport website are captured for registered users under User Stats in the main menu and can be submitted to NASBITE International on the NASBITE here
- Documentary Collections as a Payment Method
- Jim Foley, MBA, CGBP
-
-
Director, Turner Center for Entrepreneurship
- https://player.vimeo.com/video/445650263
-
-
Key things you will learn to help your business
- How documentary collections are positioned versus other payment methods.
- What they are not – contrasting collections versus letters of credit.
- How they work and what are the risks?
- Understanding the difference between documents against payment (D/P) and documents against acceptance (D/A).
- 0
- 11/08/2020
- 1 Year Unlimited Access ($149 US)
- Live and On-Demand Webinars
- Continuing Education Credit Tracking
- Local Training Opportunities
- Expert Assistance
- 20 Free On-Demand Webinars
- Free Access to Live Webinars
- Continuing Education Credit Tracking
- Local Training Opportunities
- Expert Assistance
- 1 Year Unlimited Access ($149 US)
- Live and On-Demand Webinars
- Continuing Education Credit Tracking
- Local Training Opportunities
- Expert Assistance
- 20 Free On-Demand Webinars
- Free Access to Live Webinars
- Continuing Education Credit Tracking
- Local Training Opportunities
- Expert Assistance
