Documentary collection

A documentary collection is a transaction whereby a seller instructs their bank to forward documents related to the export of goods to the buyer's bank with a request to present these documents to the buyer for payment. It is suitable for the parties with stable business relationship and a well track record.

Services we offer:

• Import collection
• Export collection

Condition for release of documents:

• Documents against payment- D/P
• Documents against acceptance- D/А

Benefits:

• Highly customizable that both the trading partners can put in terms and conditions as per their requirements.
• Allows buyers to pay after shipment of the goods, generally, pays after receipt of the shipment documents sent from seller.
• Under documentary collections, the documents will not be handed over to the importers unless payment or acceptance of a time draft has been obtained.

Documentary collection cycle:

Terms & Conditions

Required documents:

• Documentary collection application form /download/;
• Trade contracts /invoices, trade documents/.