About import collection

Import documentary collection is a conditional form of trade settlements in which exporter instructs his bank to release trade documents to your company (importer) through Bank Millennium in return for payment or securing future payment (for instance, through acceptance of bill of exchange).

In import documentary collection Bank Millennium receives documents representing goods accompanied by a collection instruction from the exporter's bank, for release of which your company is to make or secure payment. Upon releasing the documents you may collect the goods from the port of destination or from the carrier.