Documentary Collection

Simple, affordable and secure way to pay!

Collection of documents

Advantages

The property right to the goods is transferred only after the commitment to pay
No advance payment by the buyer
The bank controls the transmission of documents
Minimized transaction risk

How to use?

Agree about the terms with your business partners

The seller and the buyer sign a agreement providing for the Collection of payments

1
Visit our branch and submit an application

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
Transaction-related actions are carried out by the seller and his bank

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 transaction-related actions are carried out by the buyer and his bank

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

Documentary collection is an appropriate method of payment where the buyer does not wish to make a prepayment and the seller is reluctant to transfer ownership of the goods until the buyer has made the payment or accepted the bill.

Please note the possible risks when using the Document Collection services:

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).

Price-list

Import Collection

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 documents If 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 EUR For a month or part thereof
Storage of documents If it is unpaid within 15 days after the payment date	40 EUR For 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 cargo For 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 documents If 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 EUR For a month or part thereof

Service	Storage of documents If it is unpaid within 15 days after the payment date
Fee	40 EUR For 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 cargo For the account of principal
Fee	40 EUR

Service	Inquiry at the Client's request
Fee	40 EUR

Export Collection

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

Documentary Collection

Advantages

The property right to the goods is transferred only after the commitment to pay

No advance payment by the buyer

The bank controls the transmission of documents

Minimized transaction risk

How to use?

Agree about the terms with your business partners

Visit our branch and submit an application

Transaction-related actions are carried out by the seller and his bank

The transaction-related actions are carried out by the buyer and his bank

Documentary collection is an appropriate method of payment where the buyer does not wish to make a prepayment and the seller is reluctant to transfer ownership of the goods until the buyer has made the payment or accepted the bill.

Please note the possible risks when using the Document Collection services:

Price-list

Import Collection

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 documents

40 EUR

Storage of documents

40 EUR

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 cargo

40 EUR

Inquiry at the Client's request

40 EUR

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 documents

40 EUR

Storage of documents

40 EUR

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 cargo

40 EUR

Inquiry at the Client's request

40 EUR

Export Collection

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

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

Frequently asked questions