Export documentary collection is a conditional form of trade settlements initiated by exporter. Your company orders Bank Millennium to issue to your counterparty (importer) through its bank the trade documents authorising to collect goods in return for payment or securing future payment (for instance, through acceptance of bill of exchange).

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).