In this kind of payment, shipment documents which represent the goods are sent to the importer's bank through the exporter's bank to be delivered in exchange for the collection of the charges after the exporter loads the goods.

Documents submitted by the exporter are sent to the importer's bank through our bank. After the importer's bank collects the required charge of the goods, it submits the documents which are required for the clearance of the goods to the importer.

This kind of payment creates a guarantee for the exporter because the bank doesn't submit the documents, which are required for the clearance of the goods from customs, to the importer  if there is no payment.

Transactions against documents are subject to the brochure of International Chamber of Commerce numbered 522 titled "Uniform Rules for Collections".

After the exporter ships the goods, it submits the loading documents and its order to Aktif Bank.

Aktif Bank sends the loading documents to the importer's bank (collecting bank). Collecting bank receives the payment and then delivers the loading documents to the importer.

1. Do not inspect loading documents.

2. Do not get into the liability of payment.

3. Do act independently from sales contract.

1.Low cost – it enables cost controlling with the help of low expenses of the banks

2.It's a simpler and easier payment method compared letter of credit.

3.Importer has a chance to control the goods until the payment is made.

1.Exporter faces the risk that the importer may not make the payment for the goods although it has shipped them.

2.Importer cannot be sure that the shipped goods are in accordance with the contract, it can receive the goods after making a payment.