Import Documentary Collections

 

A foreign supplier may hesitate to sell to you on open account. You may want to avoid the cost and risk of making payment in advance, or the cost of using your credit line or letters of credit.

A simple and inexpensive alternative is Documentary Collections.

With Collections, the supplier ships the goods, then sends the Bill of Lading, Commercial Invoice and other documents you may need to clear customs to Huntington. We contact you and release the documents to you in exchange for your immediate payment (“sight draft”) or promise to make payment on a specified future date (“time draft”).


How do Huntington Import Documentary Collections help your business?

  • Simple
  • Inexpensive
  • No need to tie up cash before shipment
  • No need to use your credit line

 

To learn more about Import Documentary Collections, call your Banker or International Specialist.  You can also call International Direct at 1-877-480-INTL (4685) Monday to Friday, 8:00 a.m. to 5:00 p.m. ET. Or email us at International@huntington.com.