AGROBANK Logo
  • Downloads
  • Branch/ ATM Locator
  • Search

Documentary Collection-i

It is a service rendered by the Bank to handle and deliver commercial documents and other documents as instructed by instructing party (Collecting Bank/Seller or Drawer).

 

Concept

Wakalah Bil Ujrah

 

There are two (2) types of Documentary Collection-i :

  • Outward Documentary Collection-i/ Seller or Exporter
  • Inward Documentary Collection-i

 

Payment Method:

  • Documents Against Payment (D/P) - Collecting Bank shall release the documents to the Buyer/Drawee in exchange of payment.
  • Documents Against Acceptance (D/A) - Collecting Bank shall release the documents to the Buyer/Drawee in exchange of accepted Bill of Exchange / Letter of Undertaking to pay at a determinable future date.

 

DURATION

Not applicable

 

CONTACT US