What is Export Collection?

 

What is Export Collection?
Export Collection is a payment method frequently used in international trade. This type of transaction is also known as Cash against Documents (CAD), D/P for payments at sight, or D/A for Documents against acceptance. In simple terms, it is where payment is due at a future date.

How can we help?
We can assist by either creating certain documentation for you, the exporter, or you can use your own documentation, also obtaining any 3rd party documentation, followed by presenting documentation to your bank on your behalf.

Open Account

What is Open Account?
An open account transaction is a sale where the goods are shipped and delivered prior to the due date for payment.

How can we help?
We can assist by either creating certain documentation for you, the exporter, or you can use your own documentation, obtaining any 3rd party documentation, followed by the despatch of documents to your client.

All the above services include:

  • Advice on Letter of Credit terms.
  • Preparation of all shipment documents.
  • Compliance checks for third-party documents.
  • Liaison with freight forwarders, shipping companies, inspection agents etc.
  • Advice on Incoterms® 2020.
  • Arrangement of cargo insurance.

Services specific to Letters of Credit:

  • Presentation of all documents to the bank within agreed deadlines.


Work with us and take the risk out of international trade.

Costs
Costs vary depending on the value (£ equivalent) of the export on your Letter of Credit. Costs for open account and Export Collection are not value dependant. To see how we calculate the price of your Letter of Credit,  To find out more about our prices please contact the team using the details below

FOR GENUINE SBLC AND BG , CONTACT;

Rudolf Umert
Email: RainerUmert55@gmail.com
rainer@sblcbrokers.com
www.sblcbrokers.com

www.businesswest.co.uk

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