Import and export services
Our relationship managers will give you all the assistance you need to trade efficiently and securely with your trading partners abroad, including:
Documentary collections
This service is to send and collect time-sensitive commercial documents through the banking system.
Outward collections
The exporter forwards the shipping documents to us (the bank), with instructions to have them presented through a collecting bank in the buyer’s country.
Inward collections
We (as the collecting bank) act as the agent of the overseas bank forwarding the shipping documents. We inform the importer of the arrival of the shipping documents and notify them of the terms of their release. The importer makes payment or accepts the Bill of Exchange and in return, receives the documents. We then transfer the collected amount to the overseas (remitting) bank.
To find out how this service can make importing and exporting quicker and simpler, call us on 0845 850 5555.