Documentary collection

Secure transactions under agreed terms and conditions

Documentary collection is used as a form of settlement for international trade partners that have been working well together for a long time. The importer's bank collects a payment in order to pay against the financial documents and/or documents accompanying goods that have been provided by the exporter's bank. Documentary collection does not GUARANTEE payment to the supplier.

Importers
Pay a foreign partner when you receive documentation for goods being purchased

Execution

  • The bank will notify you when the documents for your purchase are received from a foreign bank to your name, specifying the amount and the currency, as well as the payment terms and conditions, and will ask for your consent to receive these documents.

  • Make sure you that all the necessary documents for the goods you want to purchase have been sent, and that you are comfortable with the specified payment type, i.e.:

    • immediately against payment,
    • immediately against acceptance of draft (bill of exchange) with deferred payment,
    • after payment of the accepted draft with deferred payment.

  • You notify the bank about your consent

  • You allow the bank to debit the amount specified in the documents from your account on the specified date

  • We transfer the relevant amount against documents to your partner’s bank, withholding the appropriate fees

  • We provide you with documents that allow receipt of the goods

✓ With documentary collection, you alone decide when to pay against presented documents

✓ You can receive documents before goods are delivered

✓ You can accept a draft and receive documents, paying by the deadline specified in the draft

✓ Advice on preparing documents for collection

✓ Payment deadline reminders

✓ Cooperation with your partners’ banks 

Exporters
Receive payment for offloaded goods from an importer’s bank.

The importer’s bank does not guarantee payment but insistently asks its client to make a payment within a certain period.

Execution

  • Having shipped the goods, you send us the Collection Order and the documents for the goods.

  • In the collection order, you specify the bank of the importer (buyer), payment deadline and the conditions for settlement and issuance of documents.

  • We send the documents for payment to the importer's bank by courier.

  • Upon receipt of payment, the funds will be credited to your account.

✓ Use the documentary collection to reduce the risk of non-payment for goods

✓ Informing if your partner refuses to pay

✓ Monitoring of documents until payment is made in full

If you want to learn more about the documentary collection, please provide your contact details and we will get in touch with you shortly!

submit
QUICK LINKS
Contacts and details Mobile bank BluOr Bank ATM Payment for banking services Documents Pricelist Remote identification Questions and answers Currency Calculator
BLUOR BANK
Our team Financial information Careers Financial institutions BluOr Bank API News About us
REGULATIONS
Compliance Information on processing of personal data Cookie Policy Website Use Regulations Participation in Associations Definitions Accessibility
CHARITY
Charity Foundation BeOpen Bank's good deeds
Contacts
Phone +371 67 031 333
info@bluorbank.lv​
Smilšu iela 6, Rīga, LV-1050, Latvija
Payment card blocking outside working hours and on weekends +371 67092555
© 2025 BluOr Bank AS. All rights reserved.