Outward Documentary Collection

Requirements:

Customers may apply for export/import services through a BCA branch or Relationship Manager (RM) by completing the Export-Import Service Application Form and submitting the required supporting documents.

Transaction Procedures:

1. The customer submits the documents and the Export Document Application Form to the BCA Export-Import Operations Center or Main Branch Office (KCU).
2. BCA forwards the documents and collection instructions to the presenting bank/collecting bank.
3. BCA remits the payment to the customer after receiving payment from the presenting bank/collecting bank.

• Risk of document loss due to negligence on the part of a third party or the presenting bank/collecting bank.
• Risk of non-payment or delayed payment due to negligence on the part of a third party or the presenting bank/collecting bank, or the drawee's failure to make payment for any reason, including but not limited to fraud committed by the drawee.

• BCA will notify customers of any changes to the benefits, fees, risks, terms, and conditions of this Product and/or Service by letter or other means in accordance with applicable terms and conditions. Such notification will be provided 30 (thirty) business days before the effective date of the changes.
• To process a Documentary Collection transaction, BCA must disclose customer information to relevant parties, including but not limited to counterparties and regulators, to comply with applicable regulatory requirements and internal bank policies.
• All risks arising from the customer's cooperation with the drawee, including but not limited to the appointment of a presenting bank/collecting bank, negligence on the part of third parties, fraud, force majeure, impacts arising from country risk, and transactions subject to sanctions, are the sole responsibility of the customer.

Document Amount: USD 100,000
Source Currency: USD
Type of Documentary Collection: Documents Against Payment (D/P)

If the settlement charges are borne by the drawee, the following simulation illustrates the fees charged to the customer:

Remark: This simulation is provided solely as an example of an estimated fee calculation and does not constitute a recommendation.