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When to apply Documentary Collection?

You are a seller (exporter) and You are ready to deliver the goods prior to payment by the buyer (importer), You are sure that the buyer will pay for the goods delivered in compliance with the initial arrangements,
However, you are willing to control the payment for the goods, mitigate the possible risks and avoid the difficulties which may occur in relation with the failure by the buyer to make the payment or to make it in timely manner.

ACBA-CREDIT AGRICOLE BANK offers applying Documentary collection.
Documentary collection is the seller’s (exporter’s) order to the Bank to transfer the documents to the buyer (importer) against payment and/or payment acceptance.
By the way, the Bank doesn’t bear any payment responsibility, but plays the role of agent/documents transferor.
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In case of any inconsistencies between the published Armenian and English information, the Armenian version prevails.
Updated: 13.12.2016 15:28
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E-mail: acba@acba.am