- The bank provides collection service after goods have been shipped as well as to purchase/discount Export Bills for Collection before the payment due date
- The bank will examine the shipping documents and dispatch the shipping documents to importer’s bank as per instruction
- There are 2 payment conditions under Export Bills for Collection
- Document against Payment (D/P) : document will be released to importer upon payment
- Document against Acceptance (D/A) : document will be released to importer upon acceptance