​In cases when the importer wants to make a deferred payment for the goods while the exporter requests a guarantee from the importer's bank that the relevant payment will be made at the end of maturity date,

Acceptance / Bill of Payment Credit is a product in which importing company receives the goods and then makes the payment on a date it agrees with the seller and specifies on the policy. In such cases, policies can be discounted in any bank and collected even prior to the maturity date of the policy charge.

After the exporter ships the goods, it submits the loading documents and its order to its bank. Importer's bank sends the loading documents to Aktif bank which is the collecting bank. Aktif 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.

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.

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.

4. Since the importer clears the goods without making any payment, it will have the chance to control whether they are in accordance with the contract or not.

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)