The Inward Bill for Collection is an import trade service provided to an importer who buys on Documents against Payment or Documents against Acceptance.

Upon receipt of the shipping documents from the Seller’s Bank, the Importer’s Bank (also known as the Collecting Bank or Presenting Bank) will notify and release documents to the importer according to the collection instructions.  

The Remitting Bank, Collecting Bank and Presenting Bank do not underwrite payment obligations of the Importer.

The Inward Bill for Collection is handled in accordance to the guidelines laid in Uniform Rules for Collection (URC 522).