Saturday, 13 January 2018


CHAPTER 20 - CYCLE OF OPEN ACCOUNT

·         The buyer and seller enter into an agreement for dispatch of goods, terms and condition and settlement / payment for the goods.

·         The seller dispatches the goods to the buyer.

·         The buyer makes payment through his bank for the goods at a future date as per the agreement.

·         The seller may continue to dispatch goods to the buyer up to an agreed overall limit.

·         The goods are consigned directly to the buyer so that the buyer could take delivery of the same.
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1 comment:

  1. Emerio Banque4 July 2023 at 05:17

    Good post, but this may be too short to understand user properly. You should elaborate this in detail.

    Or user can go through this Detailed guide to understand complete process of trade finance: Trade Finance

    ReplyDelete

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