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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