Categories
Collection Service

Key advantages

  • The Importer can defer the payment of the shipped goods using the D/A collection option upon mutual agreement with the counterparty 
  • The Exporter can receive the payment as quickly after shipping the goods and dispatching the documents to the importer
  • The documents provided under the collection service enable greater security of payment to the exporter compared to the open account service. 
  • Less legal risk by adhering to the International Chamber of Commerce Rules.
Categories
Collection Service

Collection service – Process flow

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Categories
Collection Service

Fees and Commission

COLLECTION SERVICE  

Fees and commission

Advising of collection  

USD 10.00

Advising of refusal to make payment or receiving of documents

USD 10.00

Receipt of amendment  to collection instruction

USD 10.00

Release of documents against payment

USD 30.00

Release of documents against acceptance

USD 5.00

Release of documents against other instruction(s)

USD 50.00

Payment against acceptance

USD 25.00

Returning of unpaid documents

USD 10.00

Dispute regarding unpaid draft

USD30.00 + other charge

Release the underlying goods sent to the disposition of bank

USD 20.00

 

Categories
Collection Service

Financial advice

We are keen to work together to provide you with valuable financial advice and bring your business up to international business standards, from the time that you sign a trade agreement until receive your goods as an importer and receive payment for the goods that you sell as an exporter.

Please contact us at tfd@transbank.mn