ING Bank Turkey

Cash Against Documents

Cash Against Documents is a payment method where the exporter submits the documents to lớn the importer provided that the payment is made for the documents related to lớn the goods sent to lớn the buyer by the exporter.

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Features

In this payment method, although the banks vì thế not guarantee the payment, a certain level of security is provided for the exporter as the documents required for the clearance of the goods through the customs are not submitted to lớn the importer before the payment is made. After dispatching the goods, the exporter can send the shipment document to lớn the importer's ngân hàng through a ngân hàng in his/her own country, to lớn be submitted to lớn the buyer after the transfer of the payment.

In transactions of Cash Against Documents with Acceptance Loan, the documents can be submitted after the policy is accepted by the importer or the ngân hàng endorses the policy upon the exporter's request. The terms of the policies that will be issued are determined within the time frames specified in the legislation and based on the agreement between the importer and the exporter. The payment for the exported goods must be received within the specified time frames.

Who can take advantage of this product?

  • SME's 
  • Commercial companies 
  • Corporate companies