Export collection

Use export collection in shipments by sea to secure the payment after the shipment.

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.
Prices

Prices

Our currently valid tariff is available for viewing at all Nordea branches.

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