An instruction from an exporter (seller or supplier) to a remitting bank (usually the exporter’s local bank) to collect payment immediately, or at a future date, from an importer (buyer) against delivery of the relevant commercial documents and/or bill of exchange.

Features and benefits

The supplier is assured that documents of title to the goods will only be released to the buyer upon payment or commitment to pay.

How to apply

No application is necessary, but a service fee is applicable.

Documentation required

Documentation as agreed between the buyer and seller.