Payment Methods and Finance for International Trade

Sang Man Kim is a Professor of International Trade, in South Korea. He is also an attorney at law (New York, USA), and an arbitrator and mediator at the Korean Commercial Arbitration Board. In his former role as a Deputy Director at the Korea Trade Insurance Corporation (a Korean Government-owned official export credit agency), Professor Kim worked as an underwriter and legal consultant for Korean international trade for a period of 15 years (1995–2010). Professor Kim holds a B.A. in Law and an M.D. in International Business Transactions Law and a Ph.D. in Commercial Law from Korea University. He also holds an LL.M. (M.D.) from the University of Minnesota Law School. Over the past 25 years, Professor Kim has practiced and researched international trade and has published over 80 articles and 11 books on the topic.

Introduction to International Trade.- International Trade Contracts.- Documents for International Trade.- Overview of Payment Methods.- Payment in Advance.- Open Account.- Documentary Collection.- Documentary Credits.- UCP and L/C Examples.- Other Payment Methods.- Independent Guarantee.- Trade Finance for International Sale of Goods.- Financing an Overseas Construction.- Export Credit Insurance or Guarantee.