The Outward Bill for Collection is a trade service catered for the supplier who sells on Documents against Payment or Documents against Acceptance.

Upon receipt of the documents from the supplier, the Remitting Bank in turn, will submit these with a collection instruction to the Importer’s Bank (also known as Collecting Bank or Presenting Bank) for their notification to the Importer.

The Remitting Bank, Collecting Bank and Presenting Bank do not undertake payment obligation of the Importer.

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