Algeria, import on cad basis?

Simple is Beautiful; the only thing came in my mind when thought of documentary collection. And I think more and more people are thinking the same in these days. Documentary Collection offers us far greater security than selling on open account; but not as much as a documentary credit. We should therefore be more cautious before starting selling using this method of payment. Documentary Collection Forum is an effort to help you on this way – admin; besttradesolution.com
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picant
Posts: 2026
Joined: Wed Aug 20, 2008 1:49 pm

Algeria, import on cad basis?

Post by picant » Sun Apr 12, 2015 12:25 am

Hi Pals,

I heard about some difficulties met in handling import documents by the Algerian Bankf notwithstanding the Loi de Finance 2014 readmitting this type of payment.
If someone has news or experinces please insert them in this Forum.
Thanks a lot.
Ciao
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WanDan
Posts: 68
Joined: Tue Feb 05, 2013 4:46 pm
First Name: Wan
Last Name: Dan
Organization: Bank
Filter: Two Plus Two =: 4
Location: Germany

No Problem

Post by WanDan » Thu May 28, 2015 8:40 pm

Dear Picant,

No problems so far at our end.

Cheers,
Dan
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joanna82
Posts: 1
Joined: Thu Mar 05, 2015 12:46 pm
First Name: Joann
Last Name: Orellano
Organization: LC beginner
Filter: Two Plus Two =: 4
Location: UAE

Post by joanna82 » Tue Jun 16, 2015 3:06 pm

No problem so far as long as you complied all documents according to LC requirements .
Make sure to have LC confirmation for the LCs from Algeria as it is belong to country risks.
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