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English translation: Remittance without draft
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| 13:19 Jul 28, 2021 |
| Portuguese to English translations [PRO] Bus/Financial - Business/Commerce (general) | |||||||
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|  Selected response from: Charles R. Castleberry United States Local time: 05:31 | ||||||
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| 4 +2 | Remittance without draft |
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| 4 +1 | Open Account |
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| 4 | Clean collection |
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| Discussion entries: 1 | |
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Answers
7 mins confidence: 
peer agreement (net): +1
peer agreement (net): +1Open Account Explanation: An open account transaction is a sale where the goods are shipped and delivered before payment is due. Obviously, this option is the most advantageous for the importer in terms of cash flow and cost, but it is consequently the highest risk option for an exporter. -------------------------------------------------- Note added at 9 mins (2021-07-28 13:28:24 GMT) -------------------------------------------------- Another reference: https://blogdecomercioexterior.wordpress.com/2015/08/13/sigl... Reference: http://www.aprendendoaexportar.gov.br/index.php/62-negociand... https://tfig.unece.org/contents/open-accounts.htm#:~:text=Open%20account,risk%20option%20for%20an%20exporter. |
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13 mins confidence: peer agreement (net): +2
peer agreement (net): +2Remittance without draft Explanation: Remittance without draft: The exporter will ship the goods, prepare the documents concerning the operation and send the papers to the importer. Only after receiving the documents and the goods the importer will remit the payment. Here, if the remittance is full upon delivery, the importer is responsible for binding the exchange contract to the import declaration. If it is a deferred payment the bank is responsible for doing this process. https://thebrazilbusiness.com/article/how-to-import-anything-into-brazil |
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1 hr confidence:
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