For buyer

The advantages the documentary collection gives to the buyer/importer:

• opportunity to choose whether to pay or not
• payment will be made at the earliest on arrival of the documents at the buyer's bank
• payment will be made against the documents that confirm the dispatch of goods  instead of advance payment
• opportunity to obtain deferred payment (if documents are to be released against acceptance of bill of exchange)
• the fees and commissions for the services of the banks are less compared to letters of credit