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Hassle free international trade.

We help you perform international trade transactions conveniently.

These are payments mostly used in international trade transactions.
For this mode of payment to work, the supplier or seller surrenders documents to his drawer’s bank after which the documents are sent to the importer’s bank on collection basis.

Features and benefits

It’s less complicated and less expensive than LC
The Importer is not obliged to pay for goods before shipment
The exporter retains the title to the goods until the importer either pays the face amount at sight or pay at a specified later date
The Exporter’s Bank and the Importer’s Bank acts as a facilitators for their clients

Requirements?

To access the service you need to be a Dara Salaam Bank Accountholder
The exporter’s bank should send the documents to the importer’s bank
Payment instructions must be clearly stated.
You should have negotiated with the bank prior to goods arrival at the port on the terms and conditions of the payment instructions.