NON-NEGOTIABLE PAYMENT METHOD
Alternative 1:
Documents Against Acceptance;
Avalization is required by the importer’s bank. Interest of 5% per month is added to the invoice amount. Commercial transactions do not start until the policy/bond for the invoiced amount is sent by the importer’s bank to the exporter’s bank.
Alternative 2:
100% Advance payment. Goods are prepared within 1-3 working days after the commercial invoice amount is paid in cash by the importer to the exporter.