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Per Aval under Import

Overview

The Per Aval under Import is a form of guarantee made by ABC on the credibility and solvency of the importer; this happens when the exporter is in doubt of the credibility of the importer for international trade to be settled by D/A or T/T. In this case, ABC endorses the words "PER AVAL" and its name onto the accepted draft, which represents an irrevocable obligation of the bank as a guarantor.

Features

It provides guarantee for FX collection for the importer and farcilitates the exporter’s delayed payment.