Documentary collection

• documentary collection is particularly suitable if the goods are dispatched by sea and all originals of the bill of lading* are sent through the bank
• simple and fast handling
• lower charges compared to a Letter of Credit

*Bill of lading is a document of title within maritime transport confirming the ownership of the goods being transported.

• the buyer will have access to the documents only upon fulfillment of the collection instruction (the payment or acceptance of a bill)
• documentary collection can be opened even without financial collateral
• unified international regulations – documentary collection is governed by the Uniform Rules for Collection published by the International Chamber of Commerce in Paris

We provide the following types of documentary/clean collection:

• import documentary and clean collection
  Tatra banka’s client is in the position of a buyer/drawee,
• export documentary and clean collection
  Tatra banka’s client is in the position of a seller/drawer.

In a documentary collection, the bank does not enter into its client's obligation.

To get a documentary collection, you must:

• submit a duly completed application signed by your authorized representatives together with the documents that had previously been agreed for presentation between the business partners,
• have sufficient coverage on your account for the settlement of bank charges.