Inward Bills for Collection-i (IBC-i) is the handling of inward documents (domestic and foreign) received from the remitting Bank and / or seller for presentation to buyer for payment at sight or acceptance of usance Bills of Exchange for payment at a future date.
Collection through banks
|Less expensive than Documentary Credit-i|
|Buyer receives the shipping documents upon payment / acceptance / other terms|
Buyers (Domestic Purchases & Imports)
Monday to Thursday: 4:00 p.m.
|Friday: 3:15 p.m. |
|(For transactions involving RENTAS payment, the cut-off time is 11.30 a.m.)|
Terms and Conditions Apply
to view the General Expenses