Urbo logo
Urbo logo
Internet banking
Private Business
19 300 Branches
  • Document Portal
  • FAQ
  • Contacts
  • Career
  • Document Portal
  • FAQ
  • Contacts
  • Career
frontend.header.english flag LT
Private Business
Internet banking

Financing
  • Mortgage loan
  • Mortgage loan refinancing
  • Consumer loans
    • Consumer loan
    • Home improvement loan
    • Car loan
Savings
  • Term deposits
  • Savings deposits
Daily banking
  • E-banking
  • Payment cards
  • Service plans
  • Payments
    • Payment orders
    • Money transfers
    • Cashing a cheque
    • E-invoice
  • Currency exchange
Other services
  • Rent of individual safe deposit boxes
  • Insurance
    • Travel insurance
    • Personal insurance
    • Compulsory motor insurance
  • VAT refund

Financing
  • Loans
    • Investment
    • Credit line
    • Leasing
    • Replenishment of working capital
    • Overdraft
  • Financing with ILTE
    • Open Credit Fund 3
    • Portfolio guarantees 3
    • Individual guarantees
    • Guarantees for agriculture
    • Risk-sharing loans
  • Trade financing
    • Factoring
    • Guarantees
    • Documentary collection
    • Letters of credit
  • Agricultural loans
    • Credits for investment
    • Credits to purchase land
    • Credits to purchase machinery
    • Credit for direct payments
    • Leasing
    • Credit line
Saving
  • Term deposits
Daily banking
  • E-banking
  • Payments
    • Payment orders
    • POS terminals
    • Cashing a cheque
    • E-invoice
  • Service plans
  • Business accounts
  • Currency exchange
Other services
  • Insurance
    • Travel insurance
    • Personal insurance for employees
    • Compulsory motor insurance
  • Rent of individual safe deposit boxes

Our practice
  • Our aspirations and values
  • Management
  • Sustainability
For investors
  • Essential events
  • Bonds
  • Financial statements
News
  • Announcements
Business

Documentary collection

Home Business Trade financing Documentary collection
  • Factoring
  • Guarantees
  • Documentary collection
  • Letters of credit

Documentary collection

A simple, inexpensive and secure way to pay!

Rates
Image documentary-collection

Documentary collection is a good method of settlement when the buyer is unwilling to prepay and the seller is reluctant to hand over the ownership documents of the goods until the buyer makes payment or accepts the bill of exchange.

Ownership of the goods is transferred only upon commitment to pay

The buyer does not need to pay in advance

The bank controls the smooth transfer of documents

Minimises potential transaction risk

Please note the potential settlement risks when using documentary collection services

How do I get it?

1.
Agree the terms and conditions with your business partner
The seller and the buyer sign an agreement providing for payment by documentary collection.
2.
Visit our branch
Visit your nearest bank branch for a consultation at a time convenient for you. Submit the completed application for documentary collection services and other documents specified in the application.
3.
The seller and their bank handle the transaction
The seller sends the goods to the buyer and forwards the documents to the seller’s bank for collection. The seller’s bank sends the documents to the buyer’s bank.
4.
The buyer and their bank handle the transaction
The buyer’s bank, after the buyer has paid the documents or committed to pay them in the future (by accepting the bill of exchange), hands over the documents to the buyer and transfers the funds to the seller’s bank. The seller’s bank transfers the funds to the seller.

Frequently asked questions

A documentary collection is a payment form in which the bank, acting on the instructions of the seller (exporter), transmits commercial and/or financial documents to the bank of the buyer (importer), specifying the terms and conditions under which the documents are to be delivered to the buyer (importer).

  • Share
  • Copied

The conditions for documentary collection are the following:

  • Documents against payment – D/P or cash against documents – CAD;
  • Documents against acceptance – D/A;
  • Other terms and conditions.

In the process of documentary collection, the bank of the buyer (importer) is not obliged to pay, but controls the process of paying for the documents and provides intermediation services.

  • Share
  • Copied
  • The documentary collection can be used when the buyer (importer) is unwilling to pay in advance and the seller (exporter) is not willing to be paid for the goods after they have been received by the buyer (importer);
  • The documentary collection can be used when there is trust between the seller (exporter) and the buyer (importer);
  • The documentary collection can be used when the political and legal system in the country of the buyer (importer) is stable;
  • The documentary collection can be used when the country of the buyer (importer) allows unrestricted exchange of currency and import of goods.
  • Share
  • Copied

Have any questions?

19 300 Get in touch Contacts
Urbo logo
  • LinkedIn
  • Facebook

Need help?

19 300
  • Contact us
  • Bank branches
  • Violation form
  • FAQ

General bank rules

  • Documents
  • Rights when making payments
  • Prevention of money laundering

Information

  • Price list for services and transactions
  • Interbank interest rates
  • Digital safety
  • Property valuers
  • Developers platform
  • Privacy policy
  • Cookies policy
  • Cookies
  • Accessibility
Download the app from
Google Play App Store