Import Collection

The exporter sometimes does not like to execute his business on the basis of an L/C, but the exporter only delivers the documents through his house bank to the importer’s bank which will pay upon receipt of the documents. The exporter’s bank collects payment from the importer and pays to the exporter. In this case, the bank of the importer has no real obligation to pay. Therefore, the documentary collection should be done on the basis of really trustworthy business relationships between both the exporter and the importer.

There are two types of inward collection. Under D/P terms, import documents are released to the importer upon payment. Under D/A terms, documents are released to the importer against acceptance.

·Under D/P terms, the importer should submit the payment certificate, the verification certificate of import payment in foreign exchange.

·Under D/A terms, the exporter should accept the draft in accordance with relative regulations and pay at maturity.

·Importers are welcome to apply for CCB’s trade finance such as loan against imports, overseas short-term finance.

Contact Us | Corporate Banking Dept.

Tel | 0049 (0) 69 9714 9517 / 42 (Chinese)

Fax | 0049 (0) 69 9714 9577

Email | marketing@ccbff.de