SCBM's Outward Bills for Collection service helps your company export by using a Bill for Collection (B/C) to be paid. After delivering the goods, you compile all related trade documents and present them to SCBM to be forwarded to your customer's bank. Your customer must act according to the conditions before the trade documents can be released to allow receipt of goods. In general, there are two types of conditions:
When your customer's bank receives payment and transfers it to SCBM, we will inform you and credit the funds to your company's account.
A Bill for Collection (B/C) is a sale and purchase transaction whereby the trading partners agree that the Seller will gather all trade documents after delivering the goods and send these documents to the Buyer via the Buyer’s bank. That bank will ensure that the Buyer has complied with all the conditions before the documents are released to allow receipt of goods.
*Under the conditions of the Bank.
Assign export proceeds easily to increase your outsourcing power. Your suppliers and manufacturers get paid promptly.