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
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Relative low banking fees help reduce financial expenses and control costs.
- Easy to use
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Compared with an L/C, the procedure of outward collection is much simpler.
- Reduce risk
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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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