Description
THIS COURSE IS A COMPONENT OF THE CERTIFIED TRADE FINANCE PROGRAMME
The eBSI Finance of International Trade (FIT) Certificate Programme has been established to provide partcipants with:
• Structured Training in best practice in International Trade Finance
• Access to an International Network of Trade Finance Professionals
• Certification from Institute of Export UK
•
Trainees who complete the Finance of International Trade Online Course
qualify for 16 PDUs towards CDCS Recertification for the Certified
Documentary Credit Specialist Accreditation offered by BAFT-IFSA and
IFS.
• An ongoing infrastructure for professional development, networking
and global trade facilitation.
By taking this course you will complete one of the 10 constituent modules of the Full Finance of International Trade Course.
In this learning unit you will:
Learn about the various methods of payment and the differences between them as used in international trade.
This will be achieved by:
- Outlining a definition of an international sale
- Explaining what a method of payment in international trade is.
- Examining how to receive and effect payment for international contracts of sale.
- Analyzing the various methods of payment in international trade.
- Learning about Collections and the difference between a Clean and Documentary Collection.
Having trouble accessing the course? Email us at support@ebsi.ie or contact us on Skype at ebsikiltimagh and we will help you out!
Objectives
Upon completion of this unit you will have gained a basic and practical understanding of the various payment options available in International Trade.
Detailed Topic Listing as follows:
LU FIT 001 Methods of Payment
1. INTRODUCTION
1.1 Classification of Methods of Payment
1.2 Criteria for the Choice of a Method of Payment
1.3 Factors Affecting the Importer's and the Exporter's Choice
1.4 Trust and Good Faith
1.5 Bank Services
1.6 Receiving Payment for Bad Debts - Collection Agencies
1.7 Analysis of Methods of Payment
1.8 Other Methods of Payment for Export
1.9 Payback
1.10 Non-Monetary Methods of Payment
2. PAYMENT BY CHEQUE
3. BANK DRAFT
4. BANK TRANSFER
4.1 Documentary Payment Order
4.2 Documentary Payment Order
5. CLEAN COLLECTION
6. DOCUMENTARY COLLECTION
6.1 Documentary Collection
6.2 Documentary Collection
7. COUNTRIES AND PAYMENT TERMS
7.1 Countries and Payment Terms
7.2 Countries and Payment Terms
7.3 Countries and Payment Terms
7.4 Countries and Payment Terms
7.5 Countries and Payment Terms
8. BONUS China Systems BPO demo
8.1 BPO Opening Screen
8.2 BPO Background
8.3 BPO Background 2
8.4 BPO Background 3
8.5 What is BPO
9. BPO Process
9.1 BPO Process 1
9.2 BPO Process 2
9.3 BPO Process 3
9.4 BPO Process 4
9.5 BPO Process 5
9.6 BPO Process 6
9.7 BPO Process 7
9.8 BPO Process schematic
9.9 BPO Final
Further Reading
1 – Basic Summary of Methods of Payment
2 – Improving the Availability of Trade Finance during Financial Crises
3 – A Study of International Trade Finance Practices
4 – How Banks Affect Export Patterns
5 – International trade: Cost and efficiency of selected payment instruments
6 – UNCITRAL Model Law on International Credit Transfers
7 – Payment Methods in International Trade
Forum Assignment
End of Unit
Certificate
By completing/passing this course, you will attain the certificate eBSI International Trade Short Course Certificate
Learning Credits
TERMS AND CONDITIONS
By accepting the Terms and Conditions for using the online facility you declare that all information provided by you is correct. The falsification of any information provided by you, or the provision of incorrect information may result in the imposition of a financial penalty and/or expulsion from the eBSI Export Academy.
Payment by you to the eBSI Export Academy does not constitute a binding contract. The eBSI Export Academy reserves the right to subsequently amend or adjust any fee charged to the student by the online facility at the eBSI Export Academy’s own discretion.
A student may be denied permission to progress in his/her programme of study if all fees have not been paid in full.
The eBSI Export Academy may at any time at its sole discretion modify the terms of access to this facility. Your continued use of the facility following any such modification shall be deemed acceptance of such modification. Disputes arising from the use of this facility and the interpretation of the eBSI Export Academy’s Terms and Conditions are subject to the laws of the Republic of Ireland. Disputes will be brought before the Irish courts. The eBSI Export Academy reserves the right to institute proceedings in the country of your residence.
FEE REFUNDS POLICY
If, for whatever reason, you are unsatisfied with our service, you have the right to cancel your order within seven days of payment and get a full refund, in accordance with EU regulations with the exception of services that start before this cooling off period. To cancel an order, please send us an email at info@ebsi.ie quoting the Invoice No. you received from eBSI Export Academy, the reason for cancellation and the name of the person who made the transaction.
Following the cooling off period, eBSI Export Academy accepts no obligation to refund any fee (or part fee) paid by a student to the eBSI Export Academy or to a Student who withdraws from the course. A full refund will only be given to all applicants for courses which do not proceed.
If you disagree with any of the terms and conditions and/or with any other of the applicable provisions of the eBSI Export Academy Regulations you are not permitted to use this facility.
PRIVACY POLICY
Any information which is provided by you will be treated with accordance with the terms of the Data Protection Act, on the Protection of Individuals with regard to the Processing of Personal Data and on the Free Movement of Such Data. If at any time after giving us personal information you decide that you no longer wish us to hold or use this information, or in the case that the information becomes out of date, you are free to notify us, and we will remove or rectify the information within a reasonable time.
Statistical and analytical information collected through the standard operation of our internet servers and logs provides us with general and not individually specific information. The eBSI Export Academy may use this information for general statistical purposes and will make no attempt to identify individual users, or to associate any technical information collected through the standard operation of our internet servers and logs with any individual user.
SECURITY INFORMATION
Your Personal Data is held on secure servers hosted by our Internet Service Provider. The nature of the Internet is such that we cannot guarantee or warrant the security of any information you transmit to us via the Internet. No data transmission over the Internet can be guaranteed to be 100% secure. However, we will take all reasonable steps (including appropriate technical and organisational measures) to protect your Personal Data.
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