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Export Collection under B/C

​​​​​​​​​​​​Same-day service commitment.

 

Confidence in payment handling.

The seller can be ensured that the buyer could not receive the documents from buyer’s bank unless the payment is made or the bill of exchange is accepted.

Types of services

Types of Services

  • The payer or the buyer is required to make full payment to his or her bank before receiving the documents (Deliver Document against Payment: D/P)
  • The payer or the buyer is required to accept a bill of exchange and confirm payment by the due date before the bank delivers the collecting documents (Deliver Document against Acceptance: D/A)
  • The payer or the buyer is required to present any form of undertaking before the bank delivers the collecting documents (Deliver Documents against other terms and conditions). The bank will make payment to the collector or the seller only after having received payment from the buyer

Receive the collecting documents,
same day.

If the complying presentation is presented to the bank before 2.00 p.m., the export bills for collection will be sent to the collecting bank within same day.

Accurate complying documents to secure
fast payment.

Acts on your behalf to trace payment, check and deliver documents to buyer’s bank and take cares of collection of payments from the drawee internationally.

Trading partners get notified faster.

Email notification of your delivered documents with courier numbers. Inform your trading partners faster.

Service Details

Conditions
Customers and the bank must comply with the rules in URC522 set by the International Chamber of Commerce.
Fees
  • The fee for export collection under a B/C is 800 baht per copy
  • Check or draft, 200 baht per copy; stamp, 3 baht

How to Apply

  1. The bank receives a set of collecting documents from the exporter, then checks their accuracy and compliance
  2. The bank sends the documents for collection to the buyer via the buyer's bank and monitors the payment
  3. Once the payment has been made or the bill of exchange has been accepted, the bank will deposit the money into the exporter's account (if the collection is successful), or the bank purchases the bill of exchange (if the exporter has a credit line for the purchase of bills with the bank)
  4. The bank monitors the status of bills and traces payment in case of non-payment or non-acceptance
Required Documents