Means of payment in Morocco

Collection

Exports to Morocco

  • Documentary Credit:
    it allows the seller to ensure payment prior to shipping the goods.
  • Collection:
    collection management of trade documents with buyer on the part of the bank in Morocco. Generally remittances with payment or sight draft.
  • Advance payment: 
    it should be remembered that 100% advance payment is only allowed by the Moroccan importing company if the amount of the invoice does not exceed 200,000 MAD (Moroccan dirhams). If the invoice covers an amount over this the advance payment cannot exceed 30% of the FOB invoice amount.

Payment

Imports from Morocco

  • Documentary Credit:
    bank promise to pay contingent upon submission of supporting documents.
  • Import remittance:
    collection management of trade documents with buyer on the part of the Spanish bank.
  • Simple transfer.
Pay special attention to the exchange rate control.