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
DURATION
- Not applicable