Export Documentary Collection

Lower expenses for banking
For extra protection purposes, namely that the goods will not be released until payment of the amount under the documents, the documentary set may also include a Bill of Lading
Provides the payer with greater security than the settlement through a fund transfer in foreign currency
Transaction-related documents will be released only after payment of the amount under those
Good solution for trade partners with already established relations and trusting each other
This service is supported by the Uniform Rules for Collections – publication № 522 of the International Chamber of Commerce (ICC), Paris.

As an exporter you ship goods, for which you prepare a set of commodity disposal documents. These documents, accompanied with collection instructions, are being submitted with UBB for handling and then sent to your partner’s bank
While following your instructions we send the documents to the collecting bank for their subsequent processing and delivery to the buyer
Depending on the instructions, the collecting bank will deliver the documents to the payer after payment of the value under those, against acceptance / written commitment for payment on the maturity date, or without payment
The Bank does commit to pay the exporter. The payment depends on the buyer’s willingness to acquire ownership of the goods and on his/her/its solvency.

Useful documents

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