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EximPe

A blog by EximPe in All Blogs

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Finance

Common Mistakes in Trade Payments and How to Avoid Them

Trade payments are a critical part of international business transactions, but mistakes can lead to delays, financial losses, or disputes between trading partners. Following are some trade payments common mistakes and how to avoid them: 1.      Incorrect Payment Terms ·        Mistake: Misunderstanding the payment terms can lead to delays or incomplete payments such as letters of credit, open account, cash in advance etc. ·        Solution: In your contract, clear define the payme
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