The Documentary Collection is a good instrument for the exporter especially for the maritime transport, considering the characteristics of the Bill of Lading. The role of the Bank as a neutral intermediary is to introduce the terms and conditions of release of commercial documents and payment of money.Since the buyer needs the commercial documents in order to receive and use the goods and the seller does not want to hand them over to the buyer before the buyer has agreed to pay, the Bank as an intermediary assumes the obligation to strictly follow the seller’s instructions regarding how and when to release the documents to the buyer.

Documentary Collection means purchase of the documents by the importer, that are presented through the Banks, which enables fast and efficient follow up and payment of the already executed import/export of goods, with simultaneous receipt of all the necessary documents for further manipulation of the goods. The Bank as mediator facilitates synchronization of the payment and the receipt of the documents.