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)

There are 2 types of Documentary Collection-i :

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

 Kaedah pembayaran :

• 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

 CONCEPT

• Wakalah bil Ujrah

DURATION

• Not applicable