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Bank Payment Obligation (BPO) – Import Export Bank Payments

Payment By Bank Payment Obligation (BPO)

A Bank Payment Obligation (BPO) is an irrevocable and independent undertaking of an Obligor Bank (the bank of the buyer/importer) to pay (or to incur a deferred payment undertaking and pay at maturity) a specified amount to a Recipient Bank (the bank of the seller/exporter) after a successful electronic matching of pre-agreed data sets (or acceptance of any mismatches) according to an industry-wide set of rules issued by the International Chamber of Commerce (ICC), the Uniform Rules for Bank Payment Obligations (URBPO).

Parties involved:

  • Obligor Bank: the bank that issues a BPO and is usually, but not always, the Buyer’s Bank.
  • Recipient Bank: the bank that is the beneficiary of a BPO and is always the Seller’s Bank.

Import Export Finance & Bank Payments

African Importers On FacebookWe advise international buyers, sellers, importers and exporters on the best bank instruments and payment terms for the profitable export, import, marketing, sales and distribution of products and goods in West Africa.

Please contact us for a no obligation discussion regarding starting, set up or develop an import export  business or to discuss trade investment opportunities in West Africa.