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Document Collection

Document Collection (Import & Export):

Document Collection is a payment method in which the Seller uses a Bank as his Agent to collect payment from the Buyer. Generally recommended in situations where there is an established and ongoing trade relationship with a trusted Buyer.

Benefits

  • No payment risk

  • Faster and more convenient

  • Low cost

  • Better cash flow

Requirements

  • Engage Invoice/Pro-Forma Invoice with Buyer

  • Account with PPCBank

Fees:

Documentary Collection (Import)Suggested RateComments
Inward Collection Handling Fee0.125%, min. $50+Cable charge $15
+Outward rem. charge
Release Documents Free of Payment$50 flat rate+Cable charge $20
Documentary Collection (Export)Suggested RateComments
Outward Collection0.125%min., $50+DHL courier charge
Release Documents Free of Payment$50 flat rate+DHL courier charge