Documentary collections means that payment will be made upon presentation of the correct documents such as bills of lading.

Name: Documentary collections means that payment will be made upon presentation of the correct documents such as bills of lading.
Brand: Quizplus
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Question

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Documentary collections involve the bank acting as an intermediary without assuming the risk, where payment is made to the exporter upon presentation of the correct shipping documents, including bills of lading, which prove shipment of goods.

Documentary Collections Means That Payment Will Be Made Upon Presentation