Payment Methods and Finance for International Trade

1. Auflage 2021
ISBN: 978-981-15-7041-4
Verlag: Springer Nature Singapore

Buch, Englisch, 224 Seiten, Format (B × H): 155 mm x 235 mm, Gewicht: 371 g

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.

Zielgruppe

Professional/practitioner

Autoren/Hrsg.

Kim, Sang Man

Fachgebiete

• Rechtswissenschaften Internationales Recht und Europarecht Internationales Recht Internationales Handels-, Wirtschafts- und Gesellschaftsrecht
• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Unternehmensfinanzierung
• Wirtschaftswissenschaften Betriebswirtschaft Unternehmensfinanzen
• Wirtschaftswissenschaften Volkswirtschaftslehre Internationale Wirtschaft Internationaler Handel

Inhaltsverzeichnis

Introduction to International Trade.- International Trade Contracts.- Documents for International Trade.- Overview of Payment Methods.- Payment in Advance.- Open Account.- Documentary Collection.- Documentary Credits.- UCP and L/C Examples.- Other Payment Methods.- Independent Guarantee.- Trade Finance for International Sale of Goods.- Financing an Overseas Construction.- Export Credit Insurance or Guarantee.

Über Autor(innen)

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.