Means of payment in Japan

Collection

Exports to Japan

  • Documentary credit:
    collection prior to shipping the goods. Option of financing for the Japanese payer (importer). It is advisable to work with LCs in transactions carried out in Japan for the first time.
  • Collections:
    collection management of commercial documents with the purchaser by a bank in Japan, usually with sight bill of exchange or payment.
  • Guarantees for advance payment:
    performance bonds, and also for regular transactions or for capital goods.
  • Forfaiting: 
    non-recourse discount of promissory note or export L/C

Payment

Imports from Japan

  • Documentary credit:
    a bank promise to pay on condition that documents accrediting the export. are submitted.
  • Documentary remittance:
    collection management of payment for commercial documents with the purchaser by the Spanish bank.
  • Collateral.
  • Simple transfer:
    common payment and collection method.