OTHERS

Financing foreign trade


most international businesses are heavily involved in foreign trade in addition to their other overseas activities. This financing of trade-related working capital requires large amounts of money, as well as financial services such as a letter of credit and acceptances. it is therefore essential that the International financial executive knows the Institutions and documentary procedures that have involved over centuries to facilitate the international movement of goods.
In international trade payment terms are crucial. A few of them are cash in advance, letter of credit, draft consignment and open account.

Letter of credit, bill of landing, commercial invoice, insurance certificate, and counselor invoice are the major documents used in world trade.

A financing technique in overseas trade includes forfeiting and factoring.

Short and long term credits and Exim Bank are the major ways of export financing.

Counter trade also called butter trade has staged a comeback. It is one of the ways of settling the International transaction.


The 5th InTraders International Conference On International Trade

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Rashmi Gujrati

Prof. Dr. Rashmi Gujrati , Professor-Dean (International Affairs) CT University, India President-Editor-In-Chief Tradepreneur Global Academic Platform, UK (Institution of Research & Development) Qualification: M.com, MBA, Ph.D. Specialization: Marketing, Finance & International Business, Entrepreneurship. Editor-In-Chief International Journal of Business Operation Editorial Board member of (IJEFMS) Science Publish Group, USA Editorial Board Member of Academic for Global Business Advancement Association, USA Reviewer of Common Ground Research Networks University of Illinois, USA Reviewer IBIMA Association, Spain Scientific Review Committee, Advisory Board Member of AASE Member Chung Yuan Christiana University, Taiwan Scientific Board Member of InTraders Academic Platform, Turkey Editorial Board Member of Journal of Agriculture, Food, Environment and Animal Sciences, Turkey Indian Commerce Association Indian Accounting Association Indian College Principals Association Review & Editorial Committee Board Member Laescuela Education Scientific Committee Member of Research Synergy Foundation (RSF) Indonesia Editorial & Review Committee member FSSER Malaysia Editorial & Review Committee member GI-SSF Malaysia +919759347347

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