Documentary remittance for export is a simple, effective method based on the “give and take” principle. The goods are only handed over once payment has been made or the bill of exchange has been accepted, thus limiting the risk of non-payment.
The Import Documentary Remittance, on the other hand, enables the goods to be paid for at the time of the commercial transaction, without having to make a payment or provide a guarantee of payment. Shipping documents guarantee the conformity of the goods delivered.
Delivery of documents against payment :
the BTL only delivers the documents to the drawee once payment has been made
Delivery of documents against acceptance :
BTL delivers the documents against acceptance of a fixed-term bill of exchange.
