Collection Schedule
All collections are subject to the latest version of Uniform
Rules for Collections available from the
ICC.
Banks are not obliged to examine documents, it is therefore
important that the covering schedule contains full and precise
instructions. The banks will only act on the Exporter's instructions
that are given on the schedule or any subsequent amendments.
Goods should not be dispatched directly to the address of a bank or
consigned to a bank without their prior agreement.
Banks are under no obligation to undertake storage and insurance of
the goods. Some countries' regulations prohibit this. Normally for
this to be possible, a document of title (eg. Bill of Lading) must
be included.
Documentation
The collection schedule is presented to the Exporter's bank
accompanied by the documents mentioned on the form.
Payment
It is important that the payment terms are correctly stated as this
will affect the date of payment by the Importer and the amount of
charges deducted by the Presenting Bank.
An example of a Collection schedule in PDF format*
*
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