Export Bills for collection

What payment method is simpler than an open account or a L/C?

With the “Export Bills for Collection” service which we arrange, you simply present your documents and they would be sending to your buyer’s banker in a timely manner. Documents will be released to your buyer upon payment or against acceptance. There are two types of export bills for collection:

Documents against payment (D/P), where the presenting bank releases the documents to the buyer only against a cash payment in a prescribed currency; and

Documents against acceptance (D/A), where the presenting bank releases the documents to the buyer against acceptance of a bill of exchange (draft) guaranteeing payment at a later date.