Glossary
Assignment of Proceeds
Tags: Glossary
A financial instrument that enables the exporter to receive payment from the importer's bank.
What is Assignment of Proceeds?
An assignment of proceeds is a financial arrangement in which the proceeds from the sale of a shipment or cargo are assigned or transferred to another party. This can be used as a form of financing for the shipment, as the assignee may provide funds in exchange for the right to receive the proceeds from the sale.
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