Timely payment is essential for the survival of your business, especially when you're trading overseas.

Financing your export activities can place a strain on your cashflow, so it's crucial to keep control of the payment arrangements you make with customers and use proper credit control procedures. Taking legal action to recover unpaid debts might be expensive or even impossible.

Ensuring you get paid for overseas sales is a combination of assessing risk, settling on acceptable payment terms and methods and considering insurance to protect yourself against problems.