documentary collection

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documentary collection

Post  lstpack on Wed Feb 26, 2014 8:19 pm

Documentary collections can provide an exporter and importer with a compromise between open account trading and documentary credits.

They offer the exporter a degree of security in the transaction as the Bank will have control over the goods through the title documents and can arrange for one of its overseas correspondents to release the documents only against payment or acceptance of a bill of exchange with payment at a future date.


Regards:

Packers and Movers in tambaram:LST


lstpack

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