This is a more or less an international cash on delivery where Banks act as intermediaries to collect payment from the buyer in exchange of the transfer of documents that enable the holder to take possession of the goods. The exporter retains control over the consignment until payment is effected or financial documents are accepted.

Features and benefits:

• benefits of document collections

What you need to get started:

• Application form
• Proof of identification either a driving permit, valid passport or identity card
• 2 Passport photos
• Audited accounts
• Registration certificate, Articles and memorandum of Association, resolution to borrow for companies, partnership deed for partnerships and minutes indicating a decision and authority to borrow for Associations
• You should hold an account with the Bank