Shipping is not only about moving cargo from one country to another. It is also about how and when payments are made between buyers and sellers. In international trade, choosing the right payment term is very important because it affects trust, risk, and cash flow for both parties.
This short course introduces the most common payment terms used in shipping, such as advance payment, letter of credit, documentary collection, and open account. The lessons are explained in a simple and practical way so that beginners can easily understand them. By the end of this course, learners will have a clear idea of how shipping payments work and how to choose suitable payment terms in real business situations.
Features
- Simple explanations with real-world examples
- Clear breakdown of major shipping payment terms
- Beginner-friendly content
- Practical knowledge that can be applied immediately
- Free digital certificate of completion
Target audiences
- Beginners in shipping and freight forwarding
- Maritime and logistics students
- Importers and exporters
- Port and supply chain management learners
- Anyone interested in understanding international shipping payments
Requirements
- Basic understanding of shipping or international trade (helpful but not mandatory)
- Interest in learning how payment systems work in maritime business
- No prior finance or banking knowledge required
- Access to internet and a device to watch the lessons
Curriculum
- 2 Sections
- 5 Lessons
- 40 Minutes
Expand all sectionsCollapse all sections
- Module 1: Introduction to Shipping Payment Terms1
- Module 2. Common Payment Terms in Shipping5
Instructor
