Payment Methods and Finance for International Trade, 1st ed. 2021
Auteur : Kim Sang Man
This book explains various methods of payment in international trade and trade finance schemes for international trade. It also presents an overview of the concepts, purposes, features, and risks of international trade.
A grasp of the features and risks of international trade facilitates a better understanding of the numerous methods of payment in international trade and the relevant trade finance schemes, which is essential to success in international trade transactions.
In order to complete an international trade transaction, depending on the terms, both parties need access to funds. Compared with large companies, small and medium-sized enterprises (SMEs), frequently face difficulties in raising capital or funds, but financing an international trade transaction is often the key to its successful completion. As such, selecting an appropriate financing mechanism from the various options available is vital.
This book offers a systematic overview of international trade and payment together with trade finance, providing instructive examples and illustrations of trade documents, each method of payment, and trade finance including export credit insurance or guarantee.
1. Concept of international trade
2. Purposes of international trade
3. Characteristics of international trade
4. Risks in international trade
Chapter 2 International Trade Contracts
1. Concept of a contract2. Formation of a contract
3. Performance of a contract
Chapter 3 Documents for International Trade
1. Introduction2. Commercial documents
3. Financial documents
Chapter 4 Overview of Payment Methods
1. Introduction2. Basic types of payment method
Chapter 5 Payment in Advance (Cash in Advance)
1. Introduction
2. Operation of a payment in advance3. Advantages/disadvantages
Chapter 6 Open Account
1. Introduction
2. Operation of an open account
3. Features and advantages/disadvantages
Chapter 7 Documentary Collection
1. Introduction
2. Operation of a documentary collection
3. Features and advantages/disadvantages
4. The Uniform Rules for Collections
Chapter 8 Documentary Credits
1. Introduction
2. Operation of a documentary credit
3. Various types of a credit
4. Independence principle and fraud exception5. Issuing a documentary credit through SWIFT
Chapter 9 UCP and L/C Examples
1. UCP
2. Examples of L/C
Chapter 10 Other Payment Methods
1. Bank payment obligation (BPO)
2. Consignment3. Netting
Chapter 11 Independent Guarantee (demand guarantee, standby L/C)
1. Introduction
2. Types of independent guarantees3. Independence principle and fraud exception
Chapter 12 Trade Finance for International Sale of Goods
1. Introduction
2. Export working capital financing (for pre-shipment)
3. Negotiation (or purchase) of bills of exchange
4. Export factoring (International factoring)
5. International forfaiting
Chapter 13 Financing an Overseas Construction
1. Introduction
2. Supplier credit and buyer credit
3 Project finance
4 Syndicated loans
Chapter 14 Export Credit Insurance or Guarantee
1. Introduction
2. Main types of export credit insurance or guarantee
Sang Man Kim is a Professor of International Trade, in South Korea. He is also an attorney at law (New York, USA), and an arbitrator and mediator at the Korean Commercial Arbitration Board. In his former role as a Deputy Director at the Korea Trade Insurance Corporation (a Korean Government-owned official export credit agency), Professor Kim worked as an underwriter and legal consultant for Korean international trade for a period of 15 years (1995–2010).
Professor Kim holds a B.A. in Law and an M.D. in International Business Transactions Law and a Ph.D. in Commercial Law from Korea University. He also holds an LL.M. (M.D.) from the University of Minnesota Law School.
Over the past 25 years, Professor Kim has practiced and researched international trade and has published over 80 articles and 11 books on the topic.
Discusses precise concepts of international trade
Covers guarantees, forfaiting, factoring, construction finance, and export credit insurance (or export credit guarantee)
Explains both payment methods and trade finance, which is rare in academic literature
Offers authoritative insights based on firsthand legal knowledge and practical experience
Date de parution : 10-2021
Ouvrage de 224 p.
15.5x23.5 cm
Disponible chez l'éditeur (délai d'approvisionnement : 15 jours).
Prix indicatif 52,74 €
Ajouter au panierDate de parution : 10-2020
Ouvrage de 224 p.
15.5x23.5 cm