Documentary Collection import
Most suitable for:
- International transactions
- Transactions with known business partners
For you as the importer
The steps involved in importing
- We receive the trade documents with collection terms from your supplier’s bank.
- We then send the collection to you.
- Finally, you receive the documents if you pay immediately or accept a time bill of exchange. (Take a look at the frequently asked questions for more information about bills of exchange.) This depends on the collection conditions. In most cases, you will not have to pay anything until the goods have shipped.
Here are the things you should bear in mind
For you as an importer, having the trade documents does not say anything about their content or the quality and quantity of the goods supplied. So a Documentary Collection doesn’t always guarantee correct delivery for the importer.
More security?
If you’re looking for even greater security, a Letter of Credit might be the right option for you. You can use it to demand a pre-shipment inspection certificate, for example.
For more information, call Trade Finance Operations on +31 (0)10 402 54 44 (local rates apply).
The steps involved in importing
- We receive the trade documents with collection terms from your supplier’s bank.
- We then send the collection to you.
- Finally, you receive the documents if you pay immediately or accept a time bill of exchange. (Take a look at the frequently asked questions for more information about bills of exchange.) This depends on the collection conditions. In most cases, you will not have to pay anything until the goods have shipped.
Here are the things you should bear in mind
For you as an importer, having the trade documents does not say anything about their content or the quality and quantity of the goods supplied. So a Documentary Collection doesn’t always guarantee correct delivery for the importer.
More security?
If you’re looking for even greater security, a Letter of Credit might be the right option for you. You can use it to demand a pre-shipment inspection certificate, for example.
For more information, call Trade Finance Operations on +31 (0)10 402 54 44 (local rates apply).
Trade Finance limits your trade risks
You don’t want to get into a situation where your client doesn’t pay or the supplier doesn’t deliver. Importing and exporting companies often use Trade Finance products to finance their international orders.
Doing business internationally
Make a strong, well-prepared start on your international dream. We can help you with import and export checklists, risk limitation and tips.