Bank Account Opening
Your Concern as an Exporter (Supplier):
Mitigating the risk of non-payment by importers.
Export Collection Bills Service:
- Under an Export Collection Bill arrangement, you will ship the goods and request us to send the trade documents and collection instructions to your importer’s bank.
- The importer’s bank will then request payment from your importer.
- To protect your interests, we will not instruct the importer’s bank to release the trade documents until your importer has made payment or promised to pay at a later date agreed between you and your importer.
- We can liaise with your importer's bank and arrange for the release of the trade documents at your specific instructions:
Documents against Payment (D/P):
Documents will only be released if the importer makes payment.
Documents against Acceptance (D/A):
Documents will only be released if the importer accepts the bills of exchange (draft), thereby agreeing to pay at a specified maturity date.
