Outward Collection

As entrusted by an exporter, BOC U.S.A. collects payments from an importer through a collecting bank, upon presentation of the exporter's documents.

Functions

Compared with remittance, this product provides more certainty of payment in two forms, through Documents Against Payment (D/P) and Documents Against Acceptance (D/A).

Features & Benefits

Relative low cost

Relative low banking fees help reduce financial expenses and control costs.

Easy to use

Compared with an L/C, the procedure of outward collection is much simpler.

Reduce risk

The importer can only take delivery of the goods after accepting payment, helping reduce risk exposure for the exporter compared to open account sales.

HOW TO APPLY

Need help?

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