FOREIGN TRADE DOCUMENT AND MEANS OF PAYMENT
TYPES OF INTERNATIONAL TRADE DOCUMENTS There are various documents which facilitate international trade. These documents are as follows: Consular invoice. Bill of lading. Certificate of origin. Shipping note. Airway bills. Indent. Ship manifest. Mate receipt. Freight note. Customs specification. Dock…
MEANS OF PAYMENT
MEANING OF PAYMENT Payment can be defined as the process or means of settling financial or business transactions. It is also referred to as the settlement of outstanding debts between a creditor and a buyer. Payment can be made using…
CHEQUES
The Bill of Exchange Act defines a cheque as: “A bill of exchange drawn on a banker payable on demand.” In other words, a cheque is an order written by the drawer to a bank to pay on demand a…
Study Guide
