Means of payment in Thailand

Collection

Exports to Thailand:

  • Documentary credit:
    means the seller has a guarantee of collecting payment prior to shipping the goods. There is an option of financing the payer (importer). Options for financing documentary credits.
  • Collections:
    collection management of trade documents with the purchaser by a local bank. Usually with payment or draft at sight.
  • Advance payment:
    only authorised companies can make these, on condition that they meet certain requisites.
  • Guarantees for advance payment:
    performance bonds, deposits and also, for regular transactions or capital goods.
  • Forfaiting and discounting invoices: y descuento de facturas:
    accepted in THB and convertible into currency for projects.
  • Project finance.
  • Factoring.

Payment

Imports from Thailand:

  • Crédito documentario:
    bank commitment to pay, conditional on submitting the documents accrediting export.
  • Collections:
    collection management of trade documents.
  • Import remittance:
    collection management of trade documents with the purchaser by the Spanish bank.
  • Guarantees:
    including the form of surety up to 12 months with renewal to cover regular purchasing periods./li>

  • Factoring.
  • Transfer.