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Import Financing
The import financing may be divided in two: Import Financing: It is the financing made to importers before obtaining the property of the goods. Financing after the Import: IIt is the financing made to importers after obtaining the property of the goods.
In a short view, the resources used in the financing of the import, are as below: Import against documents: It is the credit provided by the exporter for the term passing until the goods are received at the place of buyer.
Letter of Credit: The importer makes the payment when the goods arrive at the customs instead of payment in advance, so this is considered as a credit provided to importer.
Bank Acceptance: It is realized by the seller by acceptance by the import’s bank the policy submitted.
