Export documentary collection

Documentary collection is a commonly used method of payment in international trade available to both importers (buyers) and exporters (sellers). Documentary collections assume that the seller presents shipping documents via their bank after shipment of goods, with instruction to send documents to buyer’s bank on a collection basis and clearly instructing whether shipping documents are to be released to the buyer either against payment or against acceptance of a deferred payment bill.

Protect your bottom line by retaining control of goods until payment is received or promised without a formal documentary credit. Usually used instead of documentary credit, where an exporter has established an element of trust and relationship with his importer. You will be able to reduce the risk of non-payment by controlling shipping documents via bank channels.

At a glance

You are willing to export without a documentary credit, but wish to reduce the risk of non-payment by controlling shipping documents via bank channels.

You need a trusted partner to process documents quickly and help resolve payment problems.

Your buyer is unwilling or unable to issue a documentary credit.

Call us on:

+374 (60) 655 300

open hours 09:00-18:00

+374 (60) 655 000

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Key benefits

  • Usually used instead of documentary credit, where an exporter has established an element of trust and relationship with his importer.
  • More cost effective.
  • Title to goods (transport documents) should be released to your buyer against payment or against acceptance of the bill.

Bills for collections are handled in accordance with the rules published by the International Chamber of Commerce (ICC).

Last updated on: 22/11/19 18:47 UTC

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