The documentary collection is the process by which:

Question

Quizplus · Accepted Answer

The documentary collection process involves banks collecting payment from the buyer on behalf of the seller. The banks act as intermediaries, handling the shipping documents and ensuring that the buyer makes payment before releasing the documents to them. Option A is incorrect as the documentary collection process does not involve the physical collection of goods at the port of entry. Option B is incorrect as the documentary collection process is not related to the consolidation of cargo for shipment. Option D is incorrect as it suggests the use of a debt collection agency, which is not relevant to the documentary collection process.

The Documentary Collection Is the Process by Which