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Documentary collection

Documentary collection

 

Documentary collection is the order given by an exporter to the bank to collect a certain amount of money from the importer in return for commercial documents. Unlike a documentary letter of credit,  in the event of collection the bank agrees to fulfill the instructions of the seller’s collection order, but does not undertake to make payment.


letter of credit

 

For fees please, contact Documentary Operations Unit

tradefinance@basisbank.com.ge

 

 
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