Discusses the most common methods of payment, such as open account, letter of credit, cash in advance, documentary collections, factoring, etc. Includes credit-rating and collection agencies in this country. Includes primary credit or charge cards used in this country.
Last Published: 8/29/2019

Large Georgian banks service foreign trade transactions.  Methods of payment generally include a letter of credit or advance payment.  To carry out transactions through banks, buyers and sellers must have a written contract.  Because of high interest rates and short‐term lending offered by local banks, most enterprises prefer to purchase equipment through supplier‐financed transactions.
 

Prepared by our U.S. Embassies abroad. With its network of 108 offices across the United States and in more than 75 countries, the U.S. Commercial Service of the U.S. Department of Commerce utilizes its global presence and international marketing expertise to help U.S. companies sell their products and services worldwide. Locate the U.S. Commercial Service trade specialist in the U.S. nearest you by visiting http://export.gov/usoffices.