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Simplicity
The exporter maintains better control of the goods until their buyer has either made payment or accepted the bill of exchange
Convenience
The exporter is relieved of the administrative burden of collecting the proceeds, handling correspondence and any follow-up action
Security
Control of the goods is maintained until the importer pays or accepts the financial instrument
Guarantee of payment
If the exporter requires a guarantee of payment he could require the importers bank guarantee payment by avalising the bill of exchange once it has been accepted by the importer
Versatility
Caters for the diverse commercial and financial transactions and under defined circumstances. The exporter could discount avalised bills of exchange thus improving his cash flow
