Tag Archives | Bill of exchange

Payment against invoice or simple collection - main steps

Simple collection or payment against invoice

We begin our analysis of payment techniques with the payment against invoice or simple collection. This technique involves requesting the payment of exported goods against a simple presentation of the commercial invoice. The importer is supposed to be paid upon receipt of the invoice (and possibly all documents enabling him to clear them), not after receipt […]

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The Four Corner Model for Bills of Exchange

The Four Corner Model for bills of exchange

The different parties involved in bills of exchange as well as their roles were presented in the previous article. In this article we consider two other parties that play an important role in bills of exchange: the drawer’s bank and the drawee’s bank. Banks are involved in the settlement of bills of exchange since they […]

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