Documentary Collections

The main risk of shipping unpaid merchandise is that you have no guarantee of receiving payment once the merchandise has been sent. Before shipping, you should be sure that the buyer has a good reputation and financial situation, and that it has the currency and importation permits to provide payment.

Documentary Collections give the exporter greater control over when the foreign buyer actually takes control of the merchandise. By entrusting your shipping documents to Scotiabank, you can be sure that the foreign buyers cannot take possession of the merchandise until the payment has been made or a bill of exchange has been accepted.