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Collections

 

Import Collection

Brief introduction
ICBC (USA) will notify your company for payment/ acceptance after receiving collection documents from foreign remitting banks, and your company will obtain the documents and collect the imported goods after payment/ acceptance. Services offered by ICBC (USA) include: notification, acceptance, payment, contact with foreign remitting banks and exporters, etc. ICBC (USA)'s Import Collection business is mainly divided in two basis:
1. Document against acceptance basis (D/A);
2. Documents against payment basis. (D/P)

Characteristic Advantages
ICBC (USA) can offer import collection bill advance business for your company to solve the short-term financing problems so as to obtain the imported goods as early as possible to arrange further processing or sale and improve your capital operating efficiency.

Target Clients
Importers that have adopted Collection as settlement method according to the import and export contracts.

Export Collection on Documents

Brief Introduction
Once the goods have been shipped out, your company can submit all the documents required by the contract to ICBC (USA). We will promptly examine and verify the documents and send the documents to the designated collecting bank for collection of payment. ICBC (USA)'s Export Collection business is mainly divided in two basis:
1. Documents against acceptance basis (D/A);
2. Documents against payment basis. (D/P)

Characteristic Advantages
ICBC (USA) will help your company to solve problems related to the collection on documents and enable you to smoothly receive payment for goods within the shortest time.

Target Clients
Exporters that have shipped out the goods and adopted Collection as settlement method according to the import and export contracts.


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