Hotline : 

  • 0061-2-8235 5888(From Overseas)
  • 1800 095 566(Within Australia)
Current Position : Home > BOC Australia > Corporate Banking > Trade Services > Trade Settlement
Online Banking

Export Collection

Requested by the exporter, the Bank, with the financial and commercial documents submitted by the exporter, collects payment from the importer via its foreign correspondent banks or sister-branches. Export collection can be classified into two types, namely documents against payment (D/P) and documents against acceptance (D/A).

FEATURES

•Low cost. Low banking fees, help reduce financial expenses and control the costs.

•Easy to use. Simple procedures, easy to use as compared with L/Cs.

•Lower risk. The importer can only take delivery of the goods after acceptance or payment, which helps reduce the risks for the exporter as compared with open account sales.