Export against document with acceptance credit is an export method in which the exporting company ships the goods and then collects the payment on a date it agrees with the importer and specifies on the policy.

Payment of the policy which is issued by the exporter and accepted by the importer can also be guaranteed  through a bill of payment by a bank. Exporter discounts the policy having a bill of payment in any bank and can get the chance of an early financing.

In some countries, there is an application in which the policies are protested if they are not paid. In such cases, collecting bank enables protesting unpaid policies referring to the instruction of the exporter's company.

In transactions with acceptance credit, payment instrument can be the policy issued by the exporter or the promissory note which will be issued by the importer.

Transactions against documents are subject to the brochure of International Chamber of Commerce numbered 522 titled "Uniform Rules for Collections".

How Does it Work?
After the exporter ships the goods, it submits the loading documents and its order to Aktif Bank.
Aktif Bank sends the loading documents to the importer's bank (collecting bank). Collecting bank submits the policy to the acceptance of the importer and adds bill of payment if it is required and finally it delivers the documents to the importer. Importer makes the policy payment when due.

Banks;
1. Do not inspect loading documents.
2. Do not get into the liability of payment unless they add any bill of guarantee in the policy.
3. Do act independently from sales contract.

Its Advantages
1.Low cost – it enables cost controlling with the help of low expenses of the banks
2.It's a simpler and easier payment method compared letter of credit.
3.Exporter can have a bank guarantee regarding the payment by demanding a bill of payment on the policy.

Its Disadvantages
​Exporter faces the risk that the importer may not make the payment for the goods although it has loaded them. (if there is not any policy with a bill of payment)