International Payments: Letters of Credit, Documentary Collections and Cyber Payments in International Transactions

At the heart of all international transactions is the transfer of money. This book describes how to use letters of credit and documentary collections, how to grant and obtain credit, and how to use cyberpayments on the World Wide Web. It has an extensive glossary, checklists for buyers. sellers, and bankers. and a comprehensive chapter on trade documentation.

EDWARD G. HINKELMAN is an international economist with more than 25 years experience as an importer and exporter. He is the author of four books on inter-national trade. including the industry standard Dictionary of International Trade and the Short Course on international Trade Documentation.