Terms of sale and terms of payment are defined by Incoterms. Watch the video from the ITA to learn about Incoterms
Using a Letter of Credit. is one payment method that reduces payment risk. You might also want to protect your export sales with Export Credit insurance.
Watch this 5 minutes video from the U.S. International Trade Administration (ITA) for advice on how to use a pro forma invoice in your export sales negotiation.
Watch this eight minute video from the International Trade Administration (ITA) to learn about Incoterms.
Incoterms are a global standard, a common set of rules, used by all trading nations to specify the responsibilities of buyer and seller. The abbreviations FOB (free on board) and DDP (delivery duty paid) are common Incoterms
This 4 minute video from the International Trade Administration (ITA) explains how letters of credit work.