The primary methods of payment for foreign trades,ranked in the order of most secure to least secure for the exporter is

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Cash in advance is the most secure method for the exporter as payment is received before the ownership of the goods is transferred. Letters of credit and time drafts offer a level of security through bank intermediaries. Consignment is less secure as payment is made only after the goods are sold. Open account is the least secure for the exporter as goods are shipped before payment is made.

The Primary Methods of Payment for Foreign Trades,ranked in the Order