Financing is more likely to be required in international trade than in purely domestic transactions. Part of the reason is that the time elapsing between production and payment is likely to be far greater, because of the longer distances involved in shipping goods and in moving payments through financial channels. That, in turn, is related to the increased complexity and extensive documentation typical of international trade. Payment may take a lot longer, because there is a greater possibility of error and delay. The costs of sales are higher in international trade than in domestic trade. There are packing and labelling costs, shipping costs, the costs of hiring freight forwarders, insurance costs, customs remittances, and payments to various agents, distributors and other intermediaries. All of these add up. And many of those providing such services expect payment within 30 to 120 days, whether or not the shipment has reached its destination or has been accepted at the other end. I
Keywords
international trade finance, financing technique, finance for foreign trade
@article{2014,title={NEW TECHNIQUES IN INTERNATIONAL TRADE FINANCE},abstractNode={Financing is more likely to be required in international trade than in purely domestic transactions. Part of the reason is that the time elapsing between production and payment is likely to be far greater, because of the longer distances involved in shipping goods and in moving payments through financial channels. That, in turn, is related to the increased complexity and extensive documentation typical of international trade. Payment may take a lot longer, because there is a greater possibility of error and delay. The costs of sales are higher in international trade than in domestic trade. There are packing and labelling costs, shipping costs, the costs of hiring freight forwarders, insurance costs, customs remittances, and payments to various agents, distributors and other intermediaries. All of these add up. And many of those providing such services expect payment within 30 to 120 days, whether or not the shipment has reached its destination or has been accepted at the other end. I},author={Ali İhsan ÖZEROGLU},year={2014},journal={The Journal of Academic Social Science}}
Ali İhsan ÖZEROGLU . 2014 . NEW TECHNIQUES IN INTERNATIONAL TRADE FINANCE . The Journal of Academic Social Science.DOI:10.16992/ASOS.133
Ali İhsan ÖZEROGLU.(2014).NEW TECHNIQUES IN INTERNATIONAL TRADE FINANCE.The Journal of Academic Social Science
Ali İhsan ÖZEROGLU,"NEW TECHNIQUES IN INTERNATIONAL TRADE FINANCE" , The Journal of Academic Social Science (2014)
Ali İhsan ÖZEROGLU . 2014 . NEW TECHNIQUES IN INTERNATIONAL TRADE FINANCE . The Journal of Academic Social Science . 2014. DOI:10.16992/ASOS.133
Ali İhsan ÖZEROGLU .NEW TECHNIQUES IN INTERNATIONAL TRADE FINANCE. The Journal of Academic Social Science (2014)
Ali İhsan ÖZEROGLU .NEW TECHNIQUES IN INTERNATIONAL TRADE FINANCE. The Journal of Academic Social Science (2014)
Format:
Ali İhsan ÖZEROGLU. (2014) .NEW TECHNIQUES IN INTERNATIONAL TRADE FINANCE The Journal of Academic Social Science
Ali İhsan ÖZEROGLU . NEW TECHNIQUES IN INTERNATIONAL TRADE FINANCE . The Journal of Academic Social Science . 2014 doi:10.16992/ASOS.133
Ali İhsan ÖZEROGLU."NEW TECHNIQUES IN INTERNATIONAL TRADE FINANCE",The Journal of Academic Social Science(2014)