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A Short Course in
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Product Overview
If your international transactions involve the payment, recept or transfer of money, this book will prove indispensible.
Described in detail are the four primary payments methods, documentary letters of credit, documentary collections, pre-payment and credit transactions.
Step-by-step instructions, accompanied by skillfully designed illustrations, are provided for both standard and special letters of credit, including revocable and irrevocable, confirmed and unconfirmed, back-to-back, deferred payment (usance), red clause, revolving, standby and transferable types.
For each party to each transaction, lists of what can go wrong and solutions for common problems are provided. The book is an excellent training tool for traders, bankers and brokers. Also included is coverage of:
- foreign exchange (forward contracts)
- documents used in trade
- letter of credit application and instructions
- Incoterms 1990 by the ICC
- cyber-transaction on the Internet
- glossary, bibliography and index
Table of Contents
Chapter 1: Key Issues in International Payments
Chapter 2: Introducting the Buyer and the Seller
Chapter 3: Introducing the Basic Terms of Payment
Chapter 4: Foreign Exchange Basics
Chapter 5: Contract Basics
Chapter 6: Incoterms 1990
Chapter 7: Notes on Granting and Obtaining Credit
Chapter 8: Drafts and Acceptances
Chapter 9: Documentary Collections
Chapter 10: Making Payment
Chapter 11: Documentary Credits, Part 2
Chapter 12: Documentary Credits, Part 3
Chapter 13: Documentary Credits, Part 4
Chapter 14: Documentary Credits, Part 5
Chapter 15: Sample Bank Fees
Chapter 16: Documents
Chapter 17: Document Checklists
Chapter 18: Cyberpayments
Chapter 19: Glossary
Chapter 20: Resources
About the Author
Edward G. Hinkelman is an international economist with more than 20 years experience as an importer and exporter. He has bought, sold and traded commodities, components and finished goods in over 50 countries. Mr. Hinkelman is the author/editor of more than 12 reference books on international trade including the Dictionary of International Trade, Importers Manual USA, The Country Business Guide Series and 201 Checklists for International Trade.