The exporter shall repatriate the sums resulting from the export of the goods within a maximum period of 10 days from the date on which payment is required.
The security tools that guarantee the credit payment:
They are effective financial risk management tools that protect your business from losses from non-payment of trade-related claims.
Bank guarantee
A payment guarantee issued by a non-resident bank
Bank endorsement
A draft endorsed by a non-resident bank
Standby letter of credit
An irrevocable letter of credit or a stand-by letter of credit
Credit insurance
An export credit insurance policy
Special cases of financial settlement of exports
- Credit sales that do not meet one of the above conditions and sales providing for payment terms of more than 360 days are subject to prior authorization of the Central Bank of Tunisia.This authorization can be granted either for specific operations via the TTN system or for a set of operations carried out by the same operator during a determined period.
- Any extension within the authorized 360 days of the payment period provided for in the commercial contract and any change in the method of payment by another method, must be brought to the attention of the authorized domiciliary intermediary not later than the last day of the initial maturity. The authorized domiciliary intermediary will inform the Central Bank of Tunisia on the 20th of the following month.
- For consignment sales at imposed prices, the repatriation of currencies is done as the sales progress and at most within 180 days from the day of shipment. For sales at best, the exporter is required to indicate in the final invoice a minimum amount and to repatriate within 30 days of shipment the actual proceeds of the sale as indicated on the sales accounts which must be submitted by the exporter to the domiciliary bank within a period of 3 weeks from the date of receipt of the goods abroad by the agent or the depositary.
- Non-resident companies are not required to repatriate or transfer their export earnings.
- For cash or credit sales paid either by means of documentary credit or by providing documents against payment or acceptance, the exporter must hand over to the authorized local agent, as soon as the goods are taken over by the carrier, the documents representing the goods (final invoice, transport document, etc.). Any direct delivery of these documents to the customer or carrier is therefore prohibited.
- Partial or total payment for exports can be made in foreign banknotes on the basis of a copy of the foreign currency import declaration accompanied by the original.
- Payments coming from the sale of foreign currencies are authorized on the basis of a copy of the foreign currency import declaration issued by customs and a copy of the exchange slip, accompanied with the originals.
