PAYMENT INSTRUMENTS IN GLOBAL TRADE: ASSESSMENT OF BILLS OF TRADE, PROMISSORY NOTES, AND DOCUMENTARY COLLECTIONS

IntroductionIn Global trade, various payment instruments facilitate transactions between buyers and sellers across borders. Knowing these instruments, including costs of exchange, promissory notes, and documentary collections, is crucial for guaranteeing secure and economical payment processes. Each instrument serves a singular objective and featur

IntroductionIn Intercontinental trade, different payment devices facilitate transactions concerning customers and sellers across borders. Understanding these devices, which include payments of Trade, promissory notes, and documentary collections, is crucial for making certain safe and economical payment procedures. Each instrument serves a unique f