Since Documentary Collections do not provide as much transactional security as Letters of Credits they are inherently less costly. This offers more competitive pricing options to our clients.
When goods are shipped to an importer, SCB holds custody of the title documents, until the payment is received or acceptance is attained from the importer.
SCB is strategically positioned to offer services of Documentary Collections to its clients. These are advantageous for our clients as they offer:
Buyers and Sellers can expect greater security on transactions than trading on open accounts
Offer the potential to have "clean collections"
Important to highlight that such transactions are most useful for our clients when
+Selling to well known customers in stable countries
+When engaging in small shipments or small size transactions