Exporting
May use an export/import merchant who assumes the risks of ownership, distribution, and sale
Letter of credit - Issued by a bank on request of an importer stating that the bank will pay an amount of money to a stated beneficiary
Bill of lading - Issued by a transport carrier to an exporter to prove merchandise has been shipped
Draft - Issued by the exporter’s bank, ordering the importer’s bank to pay for the merchandise, thus guaranteeing payment once accepted by the importer’s bank