The goods are shipped in expectation of the documents and payment. They are only released to the buyer when they meet the exporter's payment terms and conditions. It is an agreed rate adjusted by the interest rate differential between the two currencies involved. The bank then pays the exporter and undertakes to collect the payment from the buyer for a fee. Open account Goods are manufactured on order without guarantee of payment on delivery.
Potential exporters can talk to specialists about their individual needs.
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