International Payments: Terms & Procedures
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International Payments: Terms & Procedures   

Banking terms and procedures as used in international trade are unique. In this course, the student will learn about drafts or bills of exchange, bills of lading, insurance, and commercial invoices. Methods of payment such as cash in advance, open accounts, collection and letters of credit will also be addressed. Other topics include risks, amendments and discrepancies, uniform customs and practices for documentary credits (600), uniform rules for collections (URC 522), bankers acceptances, and more. NEI 20 CCS/CES Units


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