Documentary Collection

Documentary Collection by Bank Albilad

​Documentary collection​

Documentary collection provides assurance for the seller (exporter) to retain control of the goods (documents) until payment is received or accepted on usance draft as per the collection instruction.  Exporter appoints bank as an agent to collect funds from importer against presentation of shipping documents without bank's undertaking. Documents may be released against payment (D/P) or against acceptance (D/A) of exporter's Bill of Exchange

Features & Benefits

  • Giving confidence to the exporter to collect payment through Bank Albilad's international network
  • Simplicity and relatively low cost trade solutions which should provide efficiency for both exporter and importer

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