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FrançaisDocumentary collection
A method of payment under which the shipping documents relating to a particular cargo are released to the importer on payment (documents against payment D/) or acceptance (documents against acceptance D/A) of a documentary draft drawn on him by the exporter. Under collections, the exporter presents a draft together with shipping documents to a bank (the remitting bank) in his country, which then forwards the documents and draft to the collecting bank in the buyer´s country. The documents enabling the buyer to take possession of the goods will only be released by the collecting bank when the buyer either pay or accepts the draft.
