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Using Documentary Collections with Trusted Foreign Buyers

Once you have established and maintain a trade relationship with a trusted foreign buyer, you may consider using the Documentary Collection payment method for your next export transaction. Used for merchandise and commodity exports, the Documentary Collection payment method can simplify your export transaction, offer faster payment, and reduce costs compared to Letters of Credit. Using a Documentary Collection, the export transaction with a well-established foreign buyer can be faster, simpler, and less costly. For more information on trade finance options, visit https://www.trade.gov/export-solutions. For more: https://www.trade.gov/documentary-col... December 11, 2020