Import Documentary Collection

Contact the International Trade Solutions on
1300 656 251

Provides you with documentary evidence that the goods have been shipped by the seller

Benefits

Safer alternative to prepayments
Cost effective payment method

Features

When Westpac receives the documents from the seller you are contacted. The documents will then be released to you when the seller's terms and conditions are met
You may elect not to accept or pay the collection
Available in all major currencies
Issued on a 'sight' or 'term' basis
(sight - drafts are drawn for immediate payment)
(term against acceptance - drafts are drawn on a term payment basis - eg 30 days after sight, 90 days from Bill of Lading)
(term against payment - drafts are drawn on a term payment basis, as above, but the documents are only released upon payment)

Did you know...

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