Collections
To facilitate Trade Finance transactions, the customer shall provide the Bank all shipping documents in order either:
a) To proceed to settlement of relative goods and effect payment according to relative instructions (IMPORT cases), or
b) To instruct the Bank to send relative shipping documents abroad -either to a Bank or to the Buyer- giving relative instruction (EXPORT cases).
This is a way that ensures their payment method, contributing to the expansion of the customer’s turnover, by passing the creditworthiness problems among the parties realizing the trade transaction.
Documentation needed for Collections
On Imports
- Settlement Application (completed and signed)
- Invoice
- Bill of Lading, CMR, Airway bill
- Any other possible documents
On Exports
- Invoice
- Bill of Lading, CMR, Airway bill
- Any other possible documents
Relative links:
