Assignment of Proceeds

Tags: Glossary

A financial instrument that enables the exporter to receive payment from the importer's bank.

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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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