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