Documentary remittances
How does it work?
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You must send to your bank, along with the financial documents (bill of exchange or promissory note), certain commercial documentation proving ownership of the goods in question (bill of lading, transport document, commercial invoice, etc.) with precise instructions to be delivered to the importer against payment or acceptance of the bills. That way, you will not have to transfer ownership of the goods sold to the buyer until the buyer accepts the payment.
You have a series of advantages (as exporting company):
- Ownership of the goods until the moment of payment or acceptance of the bill.
- Save time by letting your financial institution handle the processing of documents.
You have a series of advantages (as importing company):
- Control over payment.
Request document remittances
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Be a BBVA customer.
- At BBVA, we offer you the products and tools you need to help with your international trade transactions.
- We are leaders in digital innovation working to make your life that bit easier.
- We believe in doing things a transparent, clear and responsible way.
- At BBVA, we offer you the products and tools you need to help with your international trade transactions.
- We are leaders in digital innovation working to make your life that bit easier.
- We believe in doing things a transparent, clear and responsible way.
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