Discusses the most common methods of payment, such as open account, letter of credit, cash in advance, documentary collections, factoring, etc. Includes credit-rating and collection agencies in this country. Includes primary credit or charge cards used in this country.
Last Published: 7/20/2019

Trinidad and Tobago has a well-developed financial system, which offers a full range of export finance instruments.  The most common methods of payment are letters of credit, electronic funds transfer, bill discounting and credit cards (Visa and MasterCard), depending on the exporter's preference and the extent of past dealings with the purchaser. Standard credit terms are generally 30 to 90 days and they are allocated on market terms. Quotations are generally made on a C.I.F. basis. Prices given in U.S. dollars should be clearly stated to avoid confusion with the Trinidad and Tobago dollar.

Credit Rating Agencies
Caribbean Information and Credit Rating Services Limited
3rd Floor, Furness Court 90
Independence Square
Port of Spain
Tel: (868) 627-8879; Fax: (868) 625-8871
Email: info@caricris.com
Collection Agencies

A.V. Knowles and Company Limited
50 Woodford Street, Newtown Port of Spain
Tel: (868) 299-0510; Fax: (868) 622 – 8576
E-mail: info@avknowles.com
 
Credit Chex Limited
#1 Gallus Street
Woodbrook, Port of Spain
Tel: (868) 624-2439
Email: info@creditchexltd.com

For more information about the methods of payment or other trade finance options, see the Trade Finance Guide available at www.Export.gov/TradeFinanceGuide.

 

Prepared by our U.S. Embassies abroad. With its network of 108 offices across the United States and in more than 75 countries, the U.S. Commercial Service of the U.S. Department of Commerce utilizes its global presence and international marketing expertise to help U.S. companies sell their products and services worldwide. Locate the U.S. Commercial Service trade specialist in the U.S. nearest you by visiting http://export.gov/usoffices.


More Information

Trinidad and Tobago Market Access Payment