Documentary Collection

Internationally recognized and widely used type of payment relating to trade transactions among reliable partners
Facilitates optimization of the transaction payment charges

Benefits for the seller:

Control over goods until the buyer has paid or accepted the Bill of Exchange (i.e. given a promise to pay by a certain deadline)
An opportunity to optimise the transaction-related charges
The bank follows up the receipt of payment

No advance payment required - make settlements upon the delivery of goods
An opportunity to choose - either accept the goods and make payment or reject it
An opportunity to sell the goods prior to making a payment if the documents to be delivered against the Bill of Exchange acceptance

Enter into an agreement providing conditions for payment by documentary collection. Ship the goods.

Submit an order for Documentary Collection and other required documents to us.

We send the Collection order and documents to the buyer’s bank to communicate to your partner the Collection conditions.

If your partner agrees to make payment or accept the Bill of Exchange the bank delivers documents to the buyer.

After the receipt of money from the buyer’s bank we credit your account.

Ask us about the most appropriate solution for your business in international trade!

See also: Letter of Credit, Guarantee, Factoring

Important! Documentary collection is governed by the “Uniform Rules for Collections” No. 522 of the International Chamber of Commerce