Export collection

A method of payment where banks forward documents

Use collection when you want your customer to pay the collection amount or accept a draft with a term of payment before the goods are surrendered to your customer. When you use export collection, both the commercial and the political risk still remain with the seller. 

Your benefits

• Possibility to receive financing. If you intend to grant the buyer a term of payment, come and discuss possible financing with us.
• International rules. The ICC Uniform Rules for Collection URC 522 regulate the terms and conditions related to the documents and to the time and method of payment.
• The seller has the right of possession to the goods until the documents have been redeemed.