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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