Manage and track your export payments
Export documentary collections allow your title documents and collection instructions to be lodged through BOQ, to your customer's bank for collection. On receipt, the overseas bank will contact your customer and arrange for payment or acceptance of the bill of exchange. When the customer's bank receives payment or acceptance of a bill of exchange, they then release the documents to your customer, giving them access to the goods.
Documentary collections are favoured over documentary letters of credit, as a degree of trust and experience can be built up between the exporter and the customer. While control is reduced, costs are usually lower for both parties.