Documentary Collection

The documentary collection is a payment tool, in case of which the exporter transfers the documents to the importer via the executing bank with the purpose of receiving payment.

Documentary collection payment types:

• D/P – documents against payment – The documents are provided to the purchaser only after the purchaser implements payment in exchange for products.
• D/A – documents against acceptance – The documents are provided to the purchaser with the condition of implementing payment in exchange for those products in the future.

The advantages of documentary collection are:

• A comparatively simple procedure and low cost.
• The deals are regulated by the international rules of “Uniform Rules for Collections” (URC522) of the International Chamber of Commerce.
• The fact of product delivery is confirmed by commercial and financial documents, which are sent to the importer’s bank by the exporter’s bank.
• The importer is able to receive the products before implementing the payment.

Tariffs

Contact details
For more information in relation to Trade Finance and/or Documentary operations please contact:

 Nelli Kocharyan
Head of International Relations and Trade Finance Division
Tel: +374 10 511 250

Vahe Grigoryan 

International Relations and Trade Finance Division, Specialist

Tel: +374 10 511 226