CHAPTER 25 - PAYMENT TERMS

Determines when the payment has to happen in a transaction.

PAYMENT  TERMS IN DOCUMENTARY CREDIT

·         Sight Payment.

·         Acceptance (Usance Payment).

·         Deferred Payment.

·         Mixed Payment (outside of UCP).

·         Negotiation - Sight.

·         Negotiation - Usance.

PAYMENT  TERMS IN DOCUMENTARY COLLECTION

·         Payment (Sight Payment).

·         Acceptance (Usance Payment).

·         Mixed Payment.