Foreign Trade Services
There exist different types of payments used in foreign trade depending on the degree of trust relationship between the importer and the exporter and the risks undertaken by the parties.
Types of Payment
There exist different types of payments used in foreign trade depending on the degree of trust relationship between the importer and the exporter and the risks undertaken by the parties.
It is a payment method in which the cost of the goods is transferred in advance to the exporter by the importer before the shipment of the goods.
Advance payment method poses low risk for the exporter and high risk for the importer.
Thanks to the wide correspondent network of Ziraat Katılım, you can quickly perform your advance import and export transactions.
It is a payment method in which the cost of goods is paid to the exporter after the receipt of the shipped goods by the importer. Cash against goods is the payment method in which the exporter bears the most risk and the importer bears the least risk.
Thanks to the wide correspondent network of Ziraat Katılım, you can quickly perform your import and export transactions by cash against goods.
Cash against document is the payment method that works in the manner in which the export documents are sent to the importer's bank to be delivered to the importer, following the loading by the exporter company, in return for collecting the cost of the goods in advance or accepting that the payment will be made in a certain term (policy acceptance or issuance of bonds).
The exporter undertakes the risk of importer not accepting the payment or not making the payment on due date in spite of accepting the payment.
The exporter may request that the payment be guaranteed by the importer's bank against the risk of the importer not making the payment. In this case, in addition to the acceptance by the importer, the bank of the importer may be requested to provide surety for the policy. In case of avalized transactions, the documents are delivered to the importer in return for acceptance by the importer of the time draft drawn by the exporter on behalf of the importer and in addition, the surety of the importer's bank.
You can benefit from mediation service of Ziraat Katılım in sending the documents for collection and following the export price in your export transactions.
On the other hand, in your import transactions, you can benefit from Ziraat Katılım's mediation service for the transfer of amount of this document to the exporter by collecting this amount, and from our bank's commitment when the surety of our bank is requested.
Letter of credit is the type of payment that guarantees that the exporter will be paid by the bank at the time specified in the letter of credit, up to a certain amount at the request of the importer, in return for the documents requested on the letter of credit and provided that the conditions stipulated are met.
In the method of payment under letter of credit, when the exporter submits the documents in accordance with the terms of letter of credit to the bank, it makes sure that the bank will make the payment to it according to the terms of letter of credit. On the other hand, the advantage of this payment method for the importer is that the document requested under the letter of credit is examined by the bank and the payment is made only when the document is suitable.
Thanks to the wide correspondent network of Ziraat Katılım, you can benefit from our bank's commitment and quickly perform your letter of credit transactions in your import letters of credit. In your export letters of credit, you can take advantage of Ziraat Katılım's mediation service to notify the letter of credit received from correspondent banks, send documents to the correspondent bank and collect the amount of letter of credit.
If our Bank’s confirmation is added to your export letter of credit transaction upon your request, you can benefit from the commitment of our bank, which includes payment assurance in your favor, in return for the submission of appropriate documents, by taking the risk of issuing bank and its country.
Why Should I Use Foreign Trade Services?
In foreign trade transactions, exporter and importer face different risks in terms of payment such as legal risks, country or political risks. To minimize these risks, you can benefit from Foreign Trade services provided by our Bank's experienced and internationally certified team of experts.
You can reduce your risks by facilitating your international trade with our Foreign Trade services.
You can increase your liquidity and competitiveness.
You can quickly and easily get technical information support regarding domestic legislation and international rules for all your foreign trade transactions from our expert foreign trade staff.
Channels By Which Foreign Trade Service Can Be Received
Documents Required to Receive Foreign Trade Services
You can get detailed information from our nearest Branch.