In your foreign trade transactions, we act as agents for any type of your export transactions, offering the benefits of the knowledge and experience of our expert exchange personnel, good exchange rates, and our meticulous follow-up in the process from sending of your export documents overseas up to collection of the price.

Here is a list of export transactions our Bank can effect for you with its superior speed and quality in foreign trade transactions:

• Cash Payment Export

  In this payment method, before shipment of the goods or provision of the service, the importer makes prepayment to the exporter, and the exporter sends the importer the goods, the price of which has been collected by the exporter. Thus, the importer provides a credit to the exporter.

• Export Against Goods

  As it disposes of the possession of the goods before collecting the price, the seller faces a risk of avoidance or failure by the purchaser to pay the price. Where such a risk exists, it is possible to arrange a bank guarantee for payment for the price of the goods

• Export Against Documents

  In goods sales made under a method of payment against documents, the importer may not get ownership of the goods before accepting or paying for the documents while the exporter sends the goods without being sure of whether the price will be paid, but knows goods documents representing the ownership of the goods will not be delivered to the importer before payment of the price.

• Export Letter of Credit

  A warranty given by a bank (the issuing bank) in writing to the seller up to a certain amount at the request and instruction of the buyer that the bank will make the payment to the seller provided that documents conforming to the conditions prescribed in the letter of credit are presented within a certain term.

  Benefit provided by the letter of credit to the exporter

  Arrangement of a guarantee for payment

  • Letter of credit is an agreement made between the issuing bank and the exporter.
  • The exporter does not rely on the importer for payment.
  • Payment will be received not from the importer, but from the bank.

  Letter of credit is a payment method minimizing risks of the exporter and the importer by incorporating the goodwill of a bank.

  Banks are subject to International Chamber of Commerce’s (ICC) Publication No. 600 entitled “Uniform Customs and Practices for Documentary Credits”.

Just visit our nearest branch to effect your export transactions with the goodwill and assurance of Türkiye Finans.