Import 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.

Give suppliers payment assurances as you protect your interests by confirming that goods have shipped according to your specifications before making a payment. You will be able to pay for goods or accept the bill only when you are happy with the shipping documents and improve cash flow with the flexibility to negotiate credit terms with your seller.

At a glance

You would like to import goods without paying cash in advance or using credit facilities.

You would like to strike a balance between your need to ensure goods are shipped in accordance with your requirements and your supplier’s need to ensure payment is received.

Call us on:

+374 (60) 655 300

open hours 09:00-18:00

+374 (60) 655 000

Our phone lines are open 24/7

Key benefits

  • You pay for goods or accept the bill only when you are happy with the shipping documents.
  • More cost effective.
  • The bank may provide you with short-term trade loans for buyers to make payment under import bills for collection.
  • Usually used instead of documentary credit, where an exporter has established an element of trust and relationship with his importer.

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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