Acceptance Aval Credit
Facebook
Twitter

This is a type of loan that an importer has the means to possess the goods without effecting any payment upon the acceptance by the importer of the bill of exchange issued by the exporter. The payment is done on the due date of the bill of exchange.
Advantages:
• An exporter may go for early collection by ensuring that the bill of exchange is discounted at any bank if the importer’s bank gives aval for the said bill of exchange.
• The fact that payments are under the bank guarantee gives your firm flexibility and trust in its foreign trade operations.

Does this article helps?