UAE - Sudan

Payment

Learn about secure payment methods, common currencies, and typical payment terms for trade between the UAE and Sudan.

Payment Methods

In UAE-Sudan trade, transactions can be securely processed through various methods to accommodate international standards and local preferences. Common options include telegraphic transfers, letters of credit, and bank guarantees, which offer layers of security and trust in cross-border dealings.

Currency

Trade between the UAE and Sudan primarily involves the UAE Dirham (AED) and the Sudanese Pound (SDG). Due to fluctuations in the SDG, traders often prefer transactions in more stable currencies like the US Dollar (USD) to mitigate exchange rate risks. Importers and exporters must be aware of the exchange controls in Sudan, which can affect the repatriation of funds and require careful financial planning.

Payment Terms

Typical payment terms in trade between the UAE and Sudan include net 30 to 60 days after delivery, offering buyers time to manage cash flows. Advanced payments are less common but might be negotiated for bespoke or high-value transactions.

Frequently Asked Questions (FAQ)

What are the major transportation hubs supporting trade between the UAE and Sudan?

In the UAE, major transportation hubs include Jebel Ali Port in Dubai, one of the largest container ports globally, and Dubai International Airport, known for its cargo handling capabilities. In Sudan, key hubs are Port Sudan, the principal seaport with direct access to international shipping routes, and Khartoum International Airport, which serves as a critical point for air freight.

What special licenses or permissions are required for exporting pharmaceuticals to Sudan?

Exporting pharmaceuticals to Sudan requires specific licenses from the Sudanese Ministry of Health. Additionally, these products must comply with standards set by the Sudan Standards and Metrology Organization (SSMO). Exporters must also ensure that all pharmaceuticals have the necessary quality control certifications and are registered with the Sudanese health authorities before shipment.

Are there any customs exemptions for agricultural equipment imported into Sudan from the UAE?

Sudan offers duty exemptions for certain capital machinery and agricultural inputs to promote industrial and agricultural development. This includes some agricultural machinery and equipment, especially those that can aid in increasing agricultural productivity.

What are the estimated transit times for shipping goods by sea between Jebel Ali and Port Sudan?

The estimated transit time for shipping goods by sea between Jebel Ali Port in the UAE and Port Sudan typically ranges from 12 to 15 days, depending on the shipping line and specific vessel schedules. This route is direct and is serviced by several major shipping lines offering regular connections.

Which payment methods are considered most secure for trade transactions between the UAE and Sudan?

The most secure payment methods for trade transactions between the UAE and Sudan include Letters of Credit (LCs), which provide security to both the exporter and importer through bank guarantees. Telegraphic transfers and bank drafts are also commonly used due to their traceability and reliability. These methods ensure that the transactions are secure and that both parties adhere to the agreed terms.