Export Bills for Collections

Export Bills for Collections

Widespread global reach Convenient collection of export proceeds
Helping you to collect payment from the importer by presenting documents to the importer’s bank
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  • Hassle-free documentation process both under Letter of Credit & documentary collections, reduced turnaround time

  • Special on demand advisory services & document checking

  • Extensive global network & reach

  • Enabling seamless communication with importer's banks

  • Timely payment to exporters, building trust & loyalty

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Under Letter of Credit: 

  • The seller & buyer agrees that payment will be made under Letter of Credit (LC).

  • The buyer requests its bank for opening a Letter of Credit (LC) & transmit the same through SWIFT to Bandhan Bank (seller’s bank).

  • The seller receives the Letter of Credit (LC), ships the goods & presents the documents to Bandhan Bank (remitting bank) along with the collection instructions.

  • We will send the documents to the buyer’s bank (collecting bank) mentioning the collection instructions.

  • Buyer’s bank notifies the buyer of arrival of the documents, for its payment/acceptance.

  • The buyer pays the amount due or accepts the draft & in turn receives the documents.

  • Buyer’s bank remits the amount to Bandhan Bank as per agreed terms of the LC & Bandhan Bank will credit the amount to the seller’s account.

Under Documentary Collections: 

  • The seller & buyer agree that payment will be made via documentary collection.

  • The seller ships the goods & presents the documents to Bandhan Bank (remitting bank) along with the collection instructions.

  • Bandhan Bank sends the documents to the buyer’s bank (collecting bank) mentioning the collection instructions.

  • Buyer’s bank notifies the buyer of arrival of documents for its payment/acceptance.

  • The buyer pays the amount due or accepts the draft & in turn receives the documents.

  • Buyer’s bank remits the amount to Bandhan Bank.

  • Bandhan Bank will credit the amount to the seller’s account.

T&C apply