Documentary collection

A convenient and easy form of payment used in international trade for well-tested partners.

A type of payment relating to international trade transactions where the exporter’s bank by the order of the exporter issues the documents to the importer through the exporter’s bank against payment or acceptance of a bill of exchange. The bank does not assume any liability or responsibility for making payments.

Advantages

  • The conditions are simple
  • The documents on delivery of the goods are not available until payment has been made
  • A suitable solution if there is a reliable relationship between foreign trade partners

 

Available services

For the importer:

  • Import collection transactions based on the appropriate instructions of the foreign seller’s bank, i.e. issuance of the documents against payment or acceptance of a bill of exchange. 

 

For the exporter:

  • The client who exports goods abroad submits the Documentary Collection Order completed in English together with a package of documents, and the bank carries out transactions based on the instructions of the delivering client.
  • The exporter’s account is credited after the actual payment has been received from the importer´s bank.
  • Documentary collection order
  • Passport or eID card of the company’s authorised representative 
  • Transaction documents 

Steps to work with an export documentary collection

1

Agree with your partner

Sign the agreement providing for payment by a documentary collection and dispatch the goods

2

Submit the application

Fill in the Documentary collection order and submit it together with the required transaction documents to the bank

3

The documents are sent to the buyer’s bank

PNB Banka sends the collection order and documents to the buyer’s bank

4

Receipt and payment of documents

The buyer’s bank transfers the documents to its client and makes the payment

5

Receive the payment

PNB Banka receives the money from the buyer’s bank and credits it to your account 

Steps to work with an import documentary collection

1

Agree with your partner

Sign the agreement providing for payment by a documentary collection 

2

Receipt and payment of documents

PNB Banka receives the collection order and transaction documents from the buyer’s bank and issues it to you against payment 

Apply for a consultation

Pricelist

Advising on the collection orders/Accepting documents for collection: 0.2% of the amount (minimum EUR 100)

Full pricelist for corporate clients

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