Our bank is entrusted by the exporter to collect payment from the importer through a foreign collection bank on the basis of the export commercial documents and financial instruments submitted by the exporter。
Product function
Used to meet the needs of international trade settlement。Compared with the remittance method, there is A certain payment guarantee, which can be divided into documents against payment (D/P) and documents against acceptance (D/A) two ways。
Product features
1.Low cost。The low cost of banking is conducive to saving financial expenses and controlling costs。
2.Simple and practicable。Compared with letter of credit, the procedure is simple and easy to operate。
3.Less risk。The importer can only take delivery of the goods after acceptance or payment. Compared with the method of credit sale, the exporter bears less risk。
Applicable customer
1.The exporter knows the credit standing of the importer and has sufficient funds for preparing and shipping the goods;
2.When in A seller's market, exporters should choose D/P mode. When in a buyer's market and importers require financing facilities, exporters can choose D/A mode。
Application conditions
1.Approved and registered according to law, with the annual inspection of the legal person's business license or other valid documents to prove the legality and scope of its business;
2.Have the right to import and export。
Submit materials
1.When you apply to the bank for export collection, you should submit: a collection order, a full set of documents for documentary collection;
2.If you entrust business for the first time, you should also submit: industrial and commercial business license (copy) original, import and export business license, legal representative letter of authorization。
Business process
2.We will send the collection documents to a foreign collecting bank for remittance claim。
3.The foreign collecting bank will present the documents to the importer after receiving them。
4.The importer will pay to us through the collecting bank and we will pay to the exporter。
Warm reminder
1.When the importer refuses to pay or accept, you'd better authorize the remitting bank in time to help arrange the goods;
2.With the D/A approach, you are effectively extending the time it takes the importer to pay, and it is recommended that you consider related costs such as interest when setting the price。