Collection

A set of documents including a letter or completed form indicating the drawer´s instructions (called a collection letter), and often accompanied by a draft or drafts, invoices, packing lists, and other documents as agreed by the drawer and drawee. Collections…

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Collection letter

A letter or form that conveys the drawer´s instructions to the presenting bank. While there are many variations, collection letters identify the drawer, drawee, and any case-of-need party; typically contain a series of boxes that apply to various instructional points….

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Collusion

A secret agreement or cooperation between two or more parties to cheat or deceive others by illegal, fraudulent, or deceitful means.

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Combined Nomenclature (CN)

The Combined Nomenclature (CN) is a method used for the European Union for designating goods and merchandise which was established to meet, at one and the same time, the requirements both of the Common Customs Tarif and of the external…

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