خلاصة:
Nowadays, international trade plays a significant role in meeting the needs of various countries around the world for various goods and materials, to the extent that it can be said that many countries would face problems for their continued survival and economic stability without access to imports and the possibility of exports. In international trade, there are numerous payment methods that merchants can use. The amount that the seller transfers ownership of the goods to the buyer in exchange for is paid through various methods. Over time, international payment methods have undergone many transformations to minimize the risk of non-payment. Sellers and exporters choose payment methods according to their own circumstances as well as economic and political conditions. Choosing various types of international payment methods leads to a reduction in the risk of the seller receiving the amount. International payment methods in international transactions vary due to different factors. For this purpose, we intend to examine modern payment methods in international trade law in this article.
ملخص الجهاز:
Scientific Quarterly of Modern Banking Studies License Number: 83289 ((Issue Nineteen-Summer 2023)) ISSN: 5420-2645 Modern Payment Methods in International Trade Law (Received Date: 11/05/1402, Approval Date: 20/06/1402) Dr. Amirhossein Baghaei Abstract Nowadays, international trade plays a significant role in meeting the needs of various countries around the world for various goods and materials, so much so that it can be said that many countries would face problems in continuing their existence and maintaining economic stability without access to imports and the impossibility of exports.
The level of risk in this method is lower than the previous method, although there is a risk of the buyer not accepting the bill of exchange, in which case the open account method is created, with this According to the last paragraph of Article 8 of the Uniform Rules for Documentary Credits, if the sending bank draws the attention of the issuing bank to the existence of discrepancies, or informs the said bank that due to these discrepancies, it has not performed payment, a time undertaking, acceptance, or transaction with documents against obtaining security, the issuing bank shall not be released from any of the obligations arising from this article from that moment and in this regard.
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