In this payment type the goods are shipped and delivered before the due date, generally in 30-60 days. In this payment method the advantages goes with the importer, but it is a risky option for the exporter. Due to intense competition in the export markets, foreign buyers often recommend exporter for open account term. It is usually suggested if you are dealing for the first time with the foreign Importer, you should ask for the other method of payment like Advance payment or for letter of credit. This is payment type is not safe for the exporter for the first time, it generally carries when the exporter and importer have long lasting relationship in the foreign trade market.