Import Documentary Collection

The Import Documentary Collection is an unguaranteed method of payment, by which you, acting as importer, come into the possession of goods only against payment.

  • As importer, you will only pay the merchandise once the received documents, such as: invoices, insurance certificates, bills of lading, a.s.o., are those pre-established under the underlying commercial contract
  • From cash-flow perspectives, Documentary collections are ideal for transactions that encompass monitoring of proceeds
  • Usually, they are used in consolidated commercial relationships, with reliable partners, whereby you wish to exercise a certain degree of control
  • If you are seeking additional protection, you can consider using an Import Letter of Credit
  • They involve smaller costs than the documentary letter of credit, but you will not benefit of the banks undertaking to pay
Find out more details

Description

How does the Import Documentary Collection work:

BCR acts on behalf of the importer, under latter’s instructions, releasing documents according to the instructions held within the letter of remittance of documents received , subject to the method of settlement agreed upon with the exporter.

For your import needs, trade internationally through our simple and accessible services

  • Trade faster and more secured
  • Access our international expertize

Talk to a specialist

Silvia Chivu

Documentary Business Expert

Tel: 0373.516.277

Email: DTB.TradeFinance.DocumentaryBusiness@bcr.ro

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