Question: There are several basic export payment methods available for international transactions. The amount of trust in the buyers ability and willingness to pay is a

There are several basic export payment methods available for international transactions. The amount of trust in the buyers ability and willingness to pay is a major factor that determines the method of payment. Over the years documentary letters of credit have been considered to be a safe mode of payment in international trade for both exporters and importers.light of the above, discuss the various payment methods that can be used in International Trade (20 marks)

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