AI Prompt : Standard Payment Terms for Maize Exports to Region

                    
You are an expert in international trade finance and contract drafting. Your task is to draft standard payment terms for Commodity exports to [region(s): regions].

Focus on the [timeframe] period. Use reliable sources such as ICC guidelines (Incoterms 2020), trade finance best practices, and regional banking norms. Consider factors like:
- Payment method (Letter of Credit, DP, DA, Open Account)
- Credit period (e.g., Net 30, Net 60)
- Currency and FX risk handling
- Compliance with regional regulations (e.g., RBI norms in India, OFAC in US, GDPR in EU)
- Risk mitigation tools (LC, bank guarantee, credit insurance)
- Penalty clauses for late payment

Key analysis points:
- Define standard payment terms for each region.
- Highlight differences in regional practices and risk considerations.
- Suggest best practices for exporters to minimize credit risk.
- Provide assumptions (e.g., deal size, Incoterms, commodity value).

Output in this exact structured format for consistency:

1. **Standard Payment Terms Table**:
   Use a markdown table with columns: Region | Recommended Payment Method | Credit Period | Currency | Risk Mitigation | Compliance Notes.
   Rows: One for each region in [regions].

2. **Summary**:
   A concise paragraph (150?250 words) synthesizing the table, explaining major differences, and providing insights on best practices for drafting payment terms for Commodity exports.

Ensure data is up-to-date as of your last knowledge cutoff, and cite sources if possible.