Our final chapter in this section will be concerned with the finance of exports. We think we are justified in devoting a separate chapter to this because of the special factors involved. These are mainly the extra risks incurred when trading internationally in a world of frequent political disturbance and also the longer credit which may have to be granted because of the lack of wealth in some of the developing countries. Export trade involves the same procedures as internal trade (i.e. enquiries into customer’s credit-standing and possibly sales only on cash-on-delivery terms) but these procedures are applied in a way which accommodates the circumstances, and the terminology is often different.
KeywordsShipping Income Expense
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