Documentary collection is a movement of documents (financial and/or commercial) between banks in accordance with the pre-defined arrangements between buyer and seller. A buyer is able to receive the goods only after the payment is made or the documents are accepted to be paid in some certain date or condition in future. All collections are regulated by the International Chamber of Commerce (ICC) unified rules "URC 522".

1. Import Documentary Collection

The Import Bill for Collection is an exporter-initiated method of payment that requires the importer to make immediate or deferred payment. Shipping documents are sent out by the supplier to the Bank and then released to the Importer against payment or a promise to pay at a future date. The documents can be settled against payment (D/P) or against acceptance (D/A).

2. Export Documentary Collection

The exporter submits all the commercial documents to SBI Ly Hour Bank once the exporter’s goods are shipped. SBI Ly Hour Bank checks the documents and sends for collection of payment to the importer’s bank. The documents can be settled against payment (D/P) or against acceptance (D/A).

 

1. Import Documentary Collection

No	Description	Fee Charge
1	Inward Collection Handling Fee	0.125%, Min. USD40.00
2	Inward Collection Settlement Fee	USD40.00 flat plus cable USD30.00
3	Protest	USD30.00 flat plus cable USD30.00

2. Export Documentary Collection

No	Description	Fee Charge
1	Outward Collection Handling Fee	USD50 plus courier charge USD50.00
2	Outward Collection Settlement Fee	0.15%, Min. USD40.00
3	Protest	USD30.00 flat plus cable USD30.00

3. Form

Should you have questions or need any advice, please contact SBI LY HOUR BANK PLC ,
please call at 023 980 888, 023 999 368. +855 23 980 888, ០២៣​ ៩៩៩ ៣៦៨ .
Email [email protected],,