According to Public Relations Dept. of BMI, Iranian importers can pay for their imported items in installment using usance L/Cs under this contract, while Turkish sellers have to pay in cash.
Also the cost of Iranian exported items are paid in cash, while Turkish buyers have the opportunity to make deferred payments.
According to this agreement, we recommend Iranian importers using this method to conduct their business activities and persuade Turkish side to open L/C with Ziraat Bankası, the largest state bank of Turkey. You can call 0098 02123583401 and 0098 02123583393 at BMI International Department to ask your questions