Open Account (Cash Against Goods)


    Open account payment term is one of the basic payment method which the seller should have confidence in the buyer. With this payment term, the seller  forwards the goods to the buyer with the necessary documents in order to complete the customs operations  before the payment and collects the payment after certain period of time according to the agreement between the buyer & the seller.

    The seller faces   the buyers  financial risk as well as the political risk in the buyers country  and should have secure  the payment of the receivables  through factoring operations or export credit insurance etc.

    Trade restrictions between the concerned countries should also be carefully checked.

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