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1. The bank provides collection service after goods have been shipped as well as to purchase/discount Export Bills for Collection before the payment due date.
2. The bank will examine the shipping documents and dispatch the shipping documents to importer’s bank as per instruction.
3. There are 2 payment conditions under Export Bills for Collection:
• Document against Payment (D/P): document will be released to importer upon payment.
• Document against Acceptance (D/A): document will be released to importer upon acceptance
To receive the payment from our reliable collection service.
Improve working capital management after shipment.
| Features | Descriptions |
| Key features | Accurate and reliable service from our Trade Specialist. |
| Features |
| Key features |
Download the product fact sheet for Export Bills for Collection.
1. Types of Payment
UOB supports two payment methods under Export Bills for Collection:
2. Document Verification
The bank will verify the shipping documents before forwarding them to the importer’s bank, based on the exporter’s instructions, to ensure completeness and accuracy.
3. Payment Timeline
4. Risk Considerations
5. Service Requirements
Exporters must hold an account with UOB and may contact the corporate customer service team for further guidance or to apply for the service.
Inward Remittance is a service offered by the bank to notify customers of incoming international money transfer orders
Short-term credit for export and domestic sellers, or to enhance liquidity while awaiting payments.
Revolving credit for both domestic and international trade.
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