Import Documentary Collections

• A cost-effective and secure way to trade internationally
• Enables you to receive goods before payment
• Eliminates the need for credit facilities if no bank finance is required on payment

• A simpler alternative to Documentary Credits
• Reduces payment risk for your supplier at minimal cost to you
• Gives you access to goods without delay
• Suppliers are paid as soon as your account is debited with no hidden interest or payment delays

• Because payment is not made until after the goods are shipped, you bear the risk while goods are in transit or storage until payment or acceptance takes place
• The banks involved in the transaction do not guarantee payment

Always check a buyer's credit status and reputation before agreeing to a Documentary Collection.