Negotiate the collection terms with the exporter and then wait for the bank to inform you that documents were received.
If you request the documents to be released contrary to instructions, you will also be requested to sign an indemnity whereby the bank will be able to debit your account within 3 working days after release of the documents to your business.
First National Bank - a division of FirstRand Bank Limited. An Authorised Financial Services and Credit Provider 1929/001225/06 (NCRCP20).
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