Business
Private
The seller and the buyer sign a agreement providing for the Collection of payments
1
Arrange a meeting in advance with the bank specialist or come to our nearest branch for advice at a time convenient for you. Submit a completed application for the Collection of documents and other documents specified in the application.
2
The seller sends the goods to the buyer and transfers the documents to his bank for collection -> The seller's bank sends the documents to the buyer's bank
3
The buyer pays the documents or undertakes to pay them in the future (acceptance of a bill of exchange), the buyer's bank transfers him the documents and the funds to the seller's bank -> The seller's bank transfers the funds to the seller
4
Seller may incur the risk, if the buyer refuses to accept the goods / documents or, in case of deferred payment, buyer accepts the bill, receives the documents (ownership of the goods) but later is unwilling / unable to meet his financial obligations.
If you are a seller and want to use a Documentary Collection service, please carefully evaluate the buyer's financial capabilities, because if he does not pay, you will have to look for a new buyer or transport unsold goods back, which involves additional costs (return of goods, demurrage / detention, port fees, etc.). It is also important to assess the risks of the buyer's country, the bank and possible political uncertainty, that may disrupt payment.
The buyer may be exposed to the risk of dishonesty of the seller (non-compliance of the goods with the agreement, documents issued).
Service | Fee |
---|---|
Notification of receipt of Collection or the change of Collection terms |
40 EUR |
Payment of documents |
0.15% of the amount, min. 40 EUR |
Storage of documentsIf it is unpaid or not accepted within 15 days from the date of sending a notice to the Client about the receipt of Collection |
40 EURFor a month or part thereof
|
Storage of documentsIf it is unpaid within 15 days after the payment date |
40 EURFor a month or part thereof |
Storage of accepted bills till the payment date |
40 EUR |
Return of unpaid documents (for the account of principal) or delivery of documents free of payment |
0.1% of the amount, min. 40 EUR |
Protest |
70 EUR and notary fees |
Transfer of rights to the cargoFor the account of principal |
40 EUR |
Inquiry at the Client's request |
40 EUR |
Service |
Notification of receipt of Collection or the change of Collection terms |
---|---|
Fee |
40 EUR |
Service |
Payment of documents |
---|---|
Fee |
0.15% of the amount, min. 40 EUR |
Service |
Storage of documentsIf it is unpaid or not accepted within 15 days from the date of sending a notice to the Client about the receipt of Collection |
---|---|
Fee |
40 EURFor a month or part thereof
|
Service |
Storage of documentsIf it is unpaid within 15 days after the payment date |
---|---|
Fee |
40 EURFor a month or part thereof |
Service |
Storage of accepted bills till the payment date |
---|---|
Fee |
40 EUR |
Service |
Return of unpaid documents (for the account of principal) or delivery of documents free of payment |
---|---|
Fee |
0.1% of the amount, min. 40 EUR |
Service |
Protest |
---|---|
Fee |
70 EUR and notary fees |
Service |
Transfer of rights to the cargoFor the account of principal |
---|---|
Fee |
40 EUR |
Service |
Inquiry at the Client's request |
---|---|
Fee |
40 EUR |
Service | Fee |
---|---|
Collection of documents |
0.15% of the amount, min. 40 EUR |
Change of Collection terms |
40 EUR |
Inquiry at the Client’s request |
40 EUR |
Service |
Collection of documents |
---|---|
Fee |
0.15% of the amount, min. 40 EUR |
Service |
Change of Collection terms |
---|---|
Fee |
40 EUR |
Service |
Inquiry at the Client’s request |
---|---|
Fee |
40 EUR |