Documentary Collections

Documentary collections can provide exporter and importer with a compromise between open account trading and documentary credits.

What we can do for you?

Call us at +370 5 215 6666 or contact your manager.

More about

  • Import

    Collections offer importers the following advantages:

    • A payment or a commitment to pay is made only upon receipt of the relevant documents by your bank
    • You can decide not to accept or pay the collection
    • The importer's bank will effect payment on the importer's behalf rather than the importer having to make payment by international money transfer or bank draft
    • A more simple and cheaper alternative to a documentary credit

  • Export

    Collections offer exporters the following advantages:

    • The exporter's bank monitors whether the payment is made or accepted
    • The shipping documents stay in the banking system until the collection has been paid or accepted
    • You obtain better liquidity
    • They are easier to process than documentary credits