Import Documentary Collection
Import goods at a lower cost than with the documentary credit.Import goods at a lower cost than with the documentary credit. The documentary collection however offers less security to the seller because there is no financial commitment from Interbank Aruba N.V. to pay him against presentation of compliant documents. Hence, an element of trust between you and the seller is necessary.
Here, the agreed set of documents is sent directly to Interbank Aruba N.V. You will be informed as soon as we receive the documents. We will only release the documents against payment or commitment to pay within an agreed time period. Once you receive the set of documents, you can proceed to clear the goods through customs.
Your documentary collection is treated in accordance to the URC 522 of the International Chamber of Commerce.