Documentary Collection

Documentary Collection

Documentary Collection is a process when a client (Exporter) through our Bank sent towards the Importer‘s Bank the documents which belong to a specific delivery of goods accompanied with payment instructions. The documents are presented for Payment or against the Acceptance (defined the maturity date for payment).

Methods of payment

D/P – Documents are released against sight payment from the Importer;
D/A – Documents are released against Importer’s acceptance to make the payment at a specific date in the future;
In the transactions of Documentary Collection, the banks exchange the payment instructions, but do not have any responsibility for checking documents presented by the Exporter.