Part 1: Risk assessment in international trade
Payment methods
Documentary collection
The exporting company relies on banks
to transfer shipping and payment
documents and to obtain payment
after goods are shipped.
Collection process
1
2
Seller / Importer
8
Seller receives
payment or advice
of acceptance.
Export platforms | Module 5: Getting paid
7
Seller presents
collection to
remitting bank
Remitting bank
receives advice of
acceptance and
advises seller.
3
6
Remitting bank
forwards collection
and documents to
collecting bank.
Collecting bank
advises remitting
bank of acceptance
or remits payment.
4
5
Collecting bank
presents collection
to buyer.
Buyer accepts or
pays collection to
collecting bank.
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