9c4e18e9_International_Terms_of_Payment_SK_to_MOST_RISK_for_the_Seller_Usual_Time_of_Payment
[Method] CONFIRED IRREVOCABLE CREDIT [Goods Available To Buyer] After payment [Risk to Seller] Gives the seller a double assurance of payments. Depends on the terms of the letter of credit. [Risk to Buyer] Assures shipment is made but relies on exporter to ship goods as described in documents. Terms may be negotiated prior to L/C agreement, alleviating buyer's degree of risk. [Comments] The inclusion of a second assurance of payment (usually a U.S. Bank) prevents surprises, and adds assurance that issuing bank has been deemed acceptable by confirming bank. Adds cost and an additional requirement to seller. [Usual Time of Payment] 
After shipment is made, documents presented to the bank.
International Terms of Payment
Usual Time of Payment