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Collection For those who deal with international trade

Collection

                               

  For those who deal with international trade

This service is just for you if you deal with international trade (import/export) and want to control payments for the goods.In this case, compared with the letter of credit, the importer (the purchaser) and the exporter (the seller) know each other and the exporter is confident that the importer will pay according to the received documents. The exporter (the seller) shall transfer the payment documents to the importer (the purchaser) for payment through "ID Bank". "ID Bank" will duly execute the order on delivery of documents without assigning any payment obligation.

Name of delivered service

Tariff

Armenian dram

8.1

Export collection

8.1

Issuance of collection order, acceptance and sending of documents

0.2%, minimum 50 000

8․2

Change or cancellation of terms of collection

25 000

8.2

Import collection

8.2.1

Advising of collection order and each change

25 000

8.2.2

Payment/acceptance of collection order

0.1% minimum 6 000
maximum 45 000

8.2.3

Providing documents to the client

Free

8.2.4

Return of documents resented for collection but unpaid by the client

50 000

1 commissions of the third banks, post and communication costs shall be charged additionally, based on the actual value.

The page was updated 31.05.2018 11:00
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