Open Account

>> Sunday, September 27, 2009

Another method for making merchandise payments is to sell on an open account. An exporter if he has full confidence in the character, capacity of the importer may sell the goods in another country on an open account, i.e., without getting any prior commitment from the banker or any other third party. Here, the exporter runs the risk of default.


  © Free Blogger Templates Skyblue by 2008

Back to TOP