SCB's Outward Bills for Collection service helps your company export by using a Bill for Collection (B/C) to be paid. After delivering the goods, you compile all related trade documents and present them to SCB to be forwarded to your customer's bank. Your customer must act according to the conditions before the trade documents can be released to allow receipt of goods. In general, there are two types of conditions:
1. Documents against Payment: D/P
2. Documents against Acceptance: D/A
When your customer's bank receives payment and transfers it to SCB, we will inform you and credit the funds to your company's account.
A Bill for Collection (B/C) is a sale and purchase transaction whereby the trading partners agree that the Seller will gather all trade documents after delivering the goods and send these documents to the Buyer via the Buyer’s bank. That bank will ensure that the Buyer has complied with all the conditions before the documents are released to allow receipt of goods.
*Under the conditions of the Bank.
**Application form can be downloaded from www.scbtradenet.com or picked up at any of SCB's International Trade Service Centers located nationwide.
SCB helps you collect payment by examining the L/C for conformity with terms and conditions. Your company gets paid promptly and reliably for export orders.
Get paid faster, and at lower cost, when exporting under Open Account. Increase collections efficiency.