A method of payment where banks forward documents
The seller delivers the goods and sends the documents and the possible draft to its bank. The foreign bank forwards them to Nordea and Nordea advises your company of the collection. As the buyer you will receive the documents when you either pay the collection or accept the presented draft.
Give the seller your bank connection information when you make the order. This way you can be sure that the documents will be routed directly to Nordea. With Nordea's Trade Finance Global you will receive information on your import collections electronically.