Argentina’s BCRA Communication “A” 8122: Clarifications on Export Freight Payments

The implementation of the Central Bank of Argentina’s (BCRA) Communication “A” 8122 has sparked significant discussion among maritime agencies and exporters regarding its interpretation and application. This regulation addresses the payment of freight services related to the export of goods, particularly when freight costs are included in the buyer’s sales terms. Recent efforts by the Navigation Center, in collaboration with the Association of Argentine Banks (ABA), have helped establish a unified interpretation of the rule to streamline operations.

Key Clarifications on Freight Payment Rules

Authorized Payers:
Export freight payments (S31 services) can be processed by both exporters and maritime agencies, as long as the freight cost is part of the buyer’s agreed sales terms.
Documentation Requirements:
For maritime agencies making these payments, it is mandatory to present the export shipment compliance granted by customs under Article 330 of the Customs Code. The export permit number suffices as supporting documentation.

These clarifications aim to resolve discrepancies in how financial institutions enforce the rule, ensuring consistent application across the banking sector.

Collaboration for Consistency

Following concerns raised by various maritime agencies, a virtual meeting was held between the Navigation Center, ABA representatives, and other stakeholders. This meeting resulted in a shared understanding of the rule, fostering legal security and operational efficiency in Argentina’s foreign trade logistics.

Industry Implications

The clarified guidelines simplify freight payment processes and provide a clear framework for both exporters and maritime agencies. By ensuring uniform criteria among financial institutions, these changes are expected to reduce delays and potential disputes, benefiting all parties in the export supply chain.

As trade volumes grow, this regulatory clarity will be crucial for maintaining Argentina’s competitiveness in global markets.