What is the safest method of payment to use to minimise the risk of non payment by our buyers?
The various methods of payment and degree of risk associated for traders are described in the methods of payment section of this site. Further detailed information is available in NAB’s booklet – Finance of international trade. Your Supply Chain Finance specialist is also available to discuss the alternatives that best suit your particular business needs. Export Finance Insurance Corporation (EFIC) is the government authority that works with banks and exporters to support and promote Australian export trade. EFIC also have a range of risk management products that can be considered. There are also local trade insurers who can assist with your domestic trade needs.
