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Section 1: Introducing key concepts

  • Counterparty, commercial and political risks
  • Payment types, certainty and timing
  • Letters of credit

Section 2: Different types of payment

  • Prepayment
  • Cash against documents or goods
  • Retention of Title clause

Section 3: Gafta contracts and other issues

  • Key clauses, including payment, insolvency and circle clauses
  • Amounts payable and interest
  • Passing of property
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