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Inward Documentary Collections



Entrusted by a foreign correspondent bank or an affiliated bank, and according to their instructions, Bank of China (Central and Eastern Europe) Limited Bucharest Branch collects import payments and delivers relevant commercial documents to the importer.


Inward collection has two forms including documents against payment (D/P) and documents against acceptance (D/A).


1.Low cost - low banking fees, help reduce financial expenses and control the costs;

2.Easy to use - simple procedures and easy to use as compared L/Cs;

3.Reduce funds occupation - no advance payment required when the exporter prepares and ships the goods, the goods documents can be obtained immediately and the goods become disposable upon payment or acceptance;

4.Improve cash flow - with D/A, the importer can immediately obtain the goods document and dispose the goods after acceptance, and can make payments later as the inflow of cash are generated by the sale of goods. With almost no occupation of funds, the company’s financial position and solvency can be greatly improved.

Target Customers

1.Importers who wish to pay to exporters with lower cost and simpler procedures than L/Cs.

2.Importer with sufficient liquidity may use D/P.

3.Importers with insufficient liquidity who need exporters to grant financing facility of forward payment may choose D/A provided that they have a good business relationship with exporters.

Application Qualifications

1.The applicant shall be approved and registered in accordance with the law, and hold a business license that has passed the annual inspection or other valid certificates which fully prove its legal operation and scope of business;

2.The applicant shall have the qualification to engage in import and export trade.

Required Documents

Applicants shall submit the following documents to the bank under D/P: payment voucher and verification certificate of import trade payment in foreign exchange.


1.The foreign exporter initiates collection by submitting relevant documents to its bank after the preparation and shipment of goods.

2.Exporter's bank mails the collection documents to Bank of China (Central and Eastern Europe) Limited Bucharest Branch and we will notify the importer to pay (D/P) or accept (D/A) as instructed.

3.After the importer has made payment or acceptance to the exporter via Bank of China (Central and Eastern Europe) Limited Bucharest Branch, we shall release the documents to the importer.

4.When the acceptance under D/A is due, the importer shall pay to the exporter via Bank of China (Central and Eastern Europe) Limited Bucharest Branch.

Kind Reminder

1.Under D/A, you must make acceptance of the forward draft and make payments as the draft is due, as required.

2.You may also apply for trade finance such as import advance under documentary credit or overseas import bill advance from our bank.

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