Overview
- Discusses precise concepts of international trade
- Covers guarantees, forfaiting, factoring, construction finance, and export credit insurance (or export credit guarantee)
- Explains both payment methods and trade finance, which is rare in academic literature
- Offers authoritative insights based on firsthand legal knowledge and practical experience
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Table of contents (14 chapters)
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Front Matter
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Back Matter
Keywords
About this book
This book explains various methods of payment in international trade and trade finance schemes for international trade. It also presents an overview of the concepts, purposes, features, and risks of international trade.
A grasp of the features and risks of international trade facilitates a better understanding of the numerous methods of payment in international trade and the relevant trade finance schemes, which is essential to success in international trade transactions.
In order to complete an international trade transaction, depending on the terms, both parties need access to funds. Compared with large companies, small and medium-sized enterprises (SMEs), frequently face difficulties in raising capital or funds, but financing an international trade transaction is often the key to its successful completion. As such, selecting an appropriate financing mechanism from the various options available is vital.
This book offers a systematic overview of international trade and payment together with trade finance, providing instructive examples and illustrations of trade documents, each method of payment, and trade finance including export credit insurance or guarantee.
Authors and Affiliations
About the author
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.
Bibliographic Information
Book Title: Payment Methods and Finance for International Trade
Authors: Sang Man Kim
DOI: https://doi.org/10.1007/978-981-15-7039-1
Publisher: Springer Singapore
eBook Packages: Law and Criminology, Law and Criminology (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd. 2021
Hardcover ISBN: 978-981-15-7038-4Published: 01 October 2020
Softcover ISBN: 978-981-15-7041-4Published: 02 October 2021
eBook ISBN: 978-981-15-7039-1Published: 30 September 2020
Edition Number: 1
Number of Pages: XV, 224
Number of Illustrations: 35 b/w illustrations, 33 illustrations in colour
Topics: International Economic Law, Trade Law, International Finance, International Economics