Export Procedure Methods

  • Cash Payment Export

    It is the collection of the amount of goods or services to be exported prior to the effectuation of the exportation.

    It does not involve any risk as the money is collected prior to the shipment

    The exporter is able to organize its cash flow with the funds received prior to the exportation

  • Cash Against Documents Export

    It is a service refers to the delivery of documents sent to the buyer by the exporting company abroad through the correspondant bank to take the delivery of goods upon the condition of effectuating the payment.

    It provides an assurance to the exporter as the buyer is not able to take the delivery of the goods without effectuationg the payment.

    This method is suitable for buyers who do not wish any fee or commission for letter of credit operations.

  • Cash Against Goods Export

    With this method, goods are paid for once they have been cleared from customs by the importer. The exporter undertakes to ship the goods in advance.

    This method provides no assurance and is suitable for exporters selling to trustworthy buyers who wish to avoid credit letter charges and commission.

  • Exports with Acceptance Credit

    This payment type stipulates payment for the goods through a bill of exchange. Once the exporter ships the goods the payment is made on the date mutually agreed and which is also indicated on the bill of exchange.

    Opting for this method which provides deferred payment opportunity, companies have the possibility of accessing more customers.

    Opting for this method which does not guarantee payment, companies have the opportunity of reaching trustwhorty buyers who do not wish to pay any fee or commission for letter of credit operations.

  • Exports with Credit Letters

    This export method stipulates payment by the buyer’s bank based on the document which details the goods to be delivered and services to be rendered.

    If the buyer fails to pay, the bank which issued the letter of credit pays the exporter.

    As the foreign companies have to be trustworthy and no risk bearing companies in order to be able to get a letter of credit, the exporting companies have the opportunity to establish a sound client portfolio.

Kıbrıs Türk Kooperatif Merkez Bankası Ltd.