There are three payment methods in TF, namely Clean payments, DC and LC. Take a look at them.

A deeper look at the Clean Payments

Goods in Advance and Open Account - A detailed view

Basic contracting happens between the two parties in trade. Find how money moves in this method of payment.

Payment methods have advantages and disadvantages. Let us look at some of them.

Letter of Credit fills in when both the parties cannot use the Clean payment methods

Documents evidencing the transaction are key in LC

Get to know the relative advantages and disadvantages of Letters of Credit

Banks are involved in all stages of trade. Understand the role of Banks in each stage.