310 SELLING LATIN AMERICA
quick transportation service of to-day are unwise
and unnecessary. Under no conditions
should more than six months time be allowed
and that only for some special line dependent
upon some future contingency, such for instance
as crops—agricultural machinery being
a good illustration. Staples and necessities
require less time to dispose of and ninety
days should be ample. If possible it might be
wise to get the customer to agree to pay onethird
of the invoice on receipt of shipping documents
and the balance in sixty or ninety days.
On overdue accounts, the Latin American
merchant has always been accustomed to pay
a good rate of interest.