 |
 |
 |
 |
 |
| Outward Bills for Collection |
|
 |
| Referring to outward documents which are not drawn under Letter of Credit and send to the buyer by the bank on behalf of a seller on a collection basis. It will safeguard the seller's title to goods until either payment is received (Documents Against Payment) or the buyer accepts a Bill of Exchange to pay at a maturity date (Documents Against Acceptance). |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
 |