D- TRANSACTION PAYMENT

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TABLE OF CONTENTS
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 EXAMPLE OF A SECURE PAYMENT THROUGH A DOCUMENTARY CREDIT

 A- FINANCE : SEEK FINANCING FOR YOUR INTERNATIONAL PROJECTS
    A-1- Organizations located in United Kingdom
    A-2- Organizations located in Europe and in the world

 B- TRANSPORT : DISPACH LOGITICS
    B-1- Transport : All modes of transport and their specificitions
    B-2- Customs : Customs and customs clearance of goods
    B-3- Insurance : transport insurance for your goods
    B-4- Packaging : an important componant
    B-5- Storage : a solution to resolve the price problem of the goods
    B-6- Incoterms : a logistics tool

 C- GET PROTECTED : THE LAWS AND CONTRACTUAL FRAMEWORKS
    C-1- The role of the institutions
    C-2- Laws and conventions
    C-3- International contrats and their specificitions
    C-4- Innovation : international intellectual property
    C-5- Invoices : a contractual agreement
    C-6- Incoterms : a contractual tool

 D- PAYMENTS : THE EXPORTERS MAIN PREOCCUPATION
    D-1- Payment techniques
    D-2- Payment tools
    D-3- Currency : an important componant within the scope of international contracts
    D-4- Debt collection
    D-5- VAT : Value Added Tax
    D-6- Other payment tools

 E- RECRUTING : GET NEWS SKILLS OR RECRUIT EXTERNAL SKILLS

The objective of any company is to generate revenue and profits, but when talking about commercial transactions with a company director, he will talk about risks. And, for him, risks should be avoided.

When dealing with other french companies, it is sometimes difficult to obain payment. But when a payment problem arises at an international level, these same difficulties are multiplied. Distances are no longer the same, laws are different, contacts are suddenly absent or banks become difficult to contact.

It is therefore important for a company dealing at an international level to first use the best method of payment adapted to its risk in order to protect itself against outstanding payments. Second, it would be advisable for this company, if it so requires, to subscribe to an insurance which will protect against any eventual outstanding payment.

Two types of payment methods exist: payment tools and payment techniques. The first one can be used alone, but the second one,teh payment technique needs also a payment tool.

D-1- Payment Tools

Payment tools are methods of payment which are inexpensive to the company but which can become however very risky. The company check or the bill of exchange are examples.

D-2- Payment Techniques

Payment techniques are methods of payment which use the above mentioned tools. These techniques are more expensive but they allow a french company to provide in the very best way against an outstanding payment. Documentary credit and documentary remittance are examples.

Contrary to the simple use of payment tools, they in fact allow the intervention of intermediaries at the time of the commercial transaction. These intermediaries are responsible for the good management of operations.

D-3- Legislation concerning late and outstanding payments

The European community realized how important the payment was (the outstanding payment) in the economies of its members states, and particularly late payments.

Indeed late payments have as consequences that they can put european companies in danger, and therefore jobs. In order to overcome this problem, the european community has implemented the directive 2000/35/EC to combat late payment in commercial transactions.

D-4-nbsp;International and european debt collection

Debt collection is one of the first exporter concerns. In fact, statistically, export manager's will have to addresse these issues during their career. What appears to be simple when you think to recover outstanding payment in your own country, is less simple beyond your borders Languages, laws and distances make it difficult to recover outstanding payments.