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Cash Against Goods

Cash Against Goods

In the Cash Against Goods payment method, the exporter submits, free of charge, the documents representing the goods to the importer either directly or through the bank, and the importer makes payment for the goods at a date after the goods are cleared through the customs.

To get detailed information about Cash Against Goods, you can contact our nearest branch.

Features

This payment method can be considered as a temporary credit line granted to the exporter by the importer. It is used when there is a sufficient level of trust between the importer and the exporter. Since no guarantees are provided to the exporter assuring the payment of the goods, if the the exporter has doubts regarding the payment of the goods, a bank guarantee is preferred for payment.

In the Cash Against Goods / Payment against Acceptance Credit payment method, the policy date is the date agreed upon by the importer and the exporter. On this date, the importer performs the transfer by contacting its bank.

Who can take advantage of this product?

  • SMEs 
  • Commercial companies 
  • Corporate companies