Terms and conditions of handmade carpet payment
With the advancement of technology and the use of credit cards, the use of cash is becoming obsolete and used only in small business transactions. In international societies and transactions leading to exports and imports, specific commitments and methods are mentioned to pay the amount payable for the transaction, which can be cited in addition to the items specified in the Vienna Convention on the agreement between the parties to the transaction. The amount of transactions is paid in the acceptable currency of the European Union and the United States, i.e. the euro and the dollar.
In transactions between two countries outside the euro area and in currencies other than the dollar, the conditions for payment with the equivalent currency or the currency of those two countries are also possible. With the advent of modern technologies and the elimination of paper methods, new forms of online and online payment methods were introduced into the global system through payment gateways or electronic wallets. In many transactions and countries, we also use digital currencies to pay for transactions.
In addition to international law, in the banking system of each country, cases of payment and domestic banking laws are also applied to the trading transaction system, which will be prosecuted using the obligations set out in it in case of problems or non-payment of the other party. For example, registering a check or a deposit in domestic transactions as a guarantee of payment of the transaction, it is possible to follow up the payment and claim for payment of the deposit through the judicial authorities and oblige the buyer to pay.
Internal payment methods
The methods that are applied within our country largely depend on how the goods are purchased and how much the goods are purchased we will introduce each one below:
Cash payment method: this method is done in direct sales or direct sales where the buyer receives the goods from the main seller or intermediary. This payment can be made by paper money, credit card or transfer from an account at the bank.
Installment payment method: in this method, the buyer will also make a transaction with the seller or intermediary, where the total amount of the invoice will be paid in several stages in cash or by providing a check and a deposit.
Electronic payment method: in the electronic payment method, the buyer pays the transaction to the seller through the payment gateways introduced by the central bank or through payment apps.
Payment method by cheque or cheque: in this method, the cheque or cheque is used to pay the transaction within a certain period of time, and the buyer is obliged to pay the cheque at the time of issuance. If the buyer refuses to pay, the seller can ask the judicial authorities to return the goods or the transaction.
International payment methods
Payment term or payment methods in transactions between countries follow unified principles which we will describe below:
Full advance payment: this method pays the transaction before the seller delivers the goods to the buyer. In this method, the seller takes the least risk and the buyer takes the most risk because the amount is paid to the seller by registering the purchase request by the buyer. This method is generally applied to high-demand or specific goods.
Due to the risk of the buyer and the possibility of not fulfilling the obligation by the seller, it is necessary for the parties to use this method to conclude a contract by entering the buyer’s request with an unconditional bank guarantee from the seller. Another way is to pay in cash if the goods are sent (payment at the destination) or if the seller receives an advance payment. Method C.A.D is also included in this category, which is called payment to the seller’s representative.
Current account payment method: in this method, the risk of transaction is borne by the seller because the payment of the goods is made after sending it to the buyer. In this method, the ideal conditions are provided for the buyer and he can pay the transaction after the sale of the goods to the seller. The weakness of this method is that after sending the goods and clearing them from customs, the seller cannot request to receive the money.
This method is based on the trust of the seller in the buyer, and if the buyer refuses to pay, the amount will not be easily collected. This method is usually used in long-term business relationships, and payments are made periodically, for example, monthly or quarterly, by the bank.
Shipping on consignment: this method establishes a commitment between the seller and the buyer, during which the seller waits until the sale of the goods, provided that it retains its value, and if the goods are not sold, it is possible to return it. In this method, the buyer will also take the least risk and commitment. This method is commonly used in countries with high economic stability.
In the security method, the condition of the business relationship between the parties is the existence of trust between the two. This is the best way to buy for a buyer.
Bill of exchange: in this method, Trust is a condition of the transaction and the seller sends the transaction documents to the buyer along with the goods or through the bank. The first person ( buyer) orders the intermediary or agent to pay the transaction in the form of a claim in a certain office or in the form of a transfer to the third person (seller).
Here it is necessary to introduce the titles that will be registered in the register:
Bracket: exporter for you
Get it for you: pay it for you.
Foreign: the title is registered at the place of issue and the place of payment of the two countries.
Internal: the title is registered at the place of issue and the place of payment of the two cities.
You’re simple, you’re visible, you’re documented, you’re long-term, and you’re not. currency is also a type of broth that will be issued in certain circumstances.
Letter of credits: the method of documentary credits is a method that is widely used in international societies. In fact, documentary credits are a commitment from the bank, which is the supplier of the applicant’s credit, and according to this commitment, the bank is obliged to pay the request of the second party to the contract. In this method, clauses and contents will be provided for the powers of the bank, which will also be called the conditions of payment and delivery of goods.
In the description of this method, it can be said that both parties, the seller and the buyer, present the bank as their trustee and representative in the payment and receipt of the transaction, and if the other party refuses to fulfill the obligations, it will be liable to file a lawsuit. This documentary credit is known as unified custom practices ucp. The regulations for this method are the same all over the world, and therefore this method is desirable for international transactions.
It should be noted that in this method, the broker bank is introduced by the buyer and does not impose restrictions on it.the bank also examines the buyer’s records to issue bank credentials.
Terms and conditions of payment gallery of Iranian carpets
Cash payment methods
Electronic payment methods