Cash in Advance

What is Cash in Advance?

Cash in Advance is a payment from the importer to the exporter prior to shipment and the shipment takes place in return for the payment.

Cash in Advance is a secure method for the exporter, while being risky for the importer.
The importer can mitigate the risk by requesting a letter of guarantee from the exporter in return for the amount transferred to ensure that the shipment will take place within the established term and as stated in the order.