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: 2/13/2019

Maltese importers try to avoid paying via letters of credit and drafts, as these increase the cost of the imported goods.  Before giving credit, U.S. companies should obtain credit background information on the companies involved.  The Commercial Section of the U.S. Embassy can provide basic background information.  Other sources of information include:
The Malta Chamber of Commerce and Enterprise
The General Retailers and Traders Union (GRTU)

Creditinfo provides full background credit reports (local agents of Dun & Bradstreet).

U.S. exporters selling to the Maltese government should expect payment several months after delivery.  It is standard practice for the government to pay successful bidders more than 60 days following the delivery of the supply of goods or services, and 150 days in the case of medicines.  In addition, EU-funded bids require the supplier to lodge a bid bond; non-EU funded tenders valued over $240,000 also require a bid bond.  Although foreign companies can bid on Maltese government tenders directly, it is advisable to appoint a local agent to complete the bid process.

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.