advance payment - customer/importer has to pay for the goods before they are shipped., cash on delivery - customer pays immediately on receiving the goods. This service is usually provided by the post office., open account - the exporter supplies the goods and the importer/customer pays for them at an agreed date in the future., documents against payment - also called CAD (cash against documents). It means that the exporter has full control over the documents until payment has been made by the importer., documentary credit - involves the buyer's and the seller's bank. It is a promise made by the opening bank that payment will be made on receiving documents that comply with the terms agreed., bank guarantee - used to cover financial risk in international transactions, e.g. if a buyer does not pay.,

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