The seller sends the goods to the buyer without taking the cost of the goods in this payment type.
- The payment type that the exporter delivers the documents representing the goods directly to the importer or through a bank.
- It is the most risky method for the seller, since the price of the goods will be sent to the seller at a later date after the delivery of the goods.
- For the importer, it is the least risky form of payment since it offers the opportunity to pay the price of the goods in the long term, depending on the agreement with the exporter.