Deal Setup
Transaction Steps
Transaction Map
Goods
Documents
Money
Goods
Physical cargo moves from the seller to the carrier, then to the buyer.
Seller
Goods
Carrier
-
Buyer
Waiting
Goods
Documents
The document packet starts only after the carrier issues the bill of lading.
Documents not issued yet
Seller
Seller Bank
-
Buyer Bank
Credit
Buyer
Docs
Money
Payment starts on the buyer side and moves through the banking channel toward the seller.
Seller
Seller Bank
Buyer Bank
Buyer
Money
Contract signed
Goods
Documents
Money
Risk